Oil, Gas and Consumable Fuels
Company Overview of Kompania Weglowa S.A.
Kompania Weglowa S.A. engages in drilling, mining, and selling coal and carbon products. The company offers a range of carbon products, such as inter alia tiny, medium, and thick carbons. Kompania Weglowa S.A. was founded in 2003 and is based in Katowice, Poland.
ul. Powstañców 30
Founded in 2003
48 327 57 22 11
48 322 55 54 53
Key Executives for Kompania Weglowa S.A.
Compensation as of Fiscal Year 2014.
Kompania Weglowa S.A. Key Developments
PZU Not Interested In Equity Engagement With Kompania Weglowa
Apr 24 15
Powszechny Zaklad Ubezpieczen Spólka Akcyjna (WSE:PZU)clarified reports stating that it is planning financial engagement with Kompania Weglowa S.A. "We are not interested in such an investment," PZU's press office said in a statement concerning "reports of a planned financial engagement ... as a shareholder" in Kompania Weglowa . "In realizing our business strategy and as an active entity on the capital market, the PZU group observes every potential investment offering adequate return and thus creating value for all shareholders of the PZU group," management said. PZU’s shares fell by as much as 4.5%.
SRK To Take Over Kompania Weglowa's Mines
Mar 20 15
The Office for Competition and Consumer Protection (UOKiK) has allowed the Spolka Restrukturyzacji Kopaln (SRK) to take over Piekary, Brzeszcze, Sosnica and Centrum coal mines from Kompania Weglowa S.A. This is part of an agreement reached in January by the government, trade unions and managements of SRK, Kompania Weglowa and Weglokoks S.A. Among others, the Kompania Weglowa restructuring plan foresees divesting the most unprofitable assets. The UOKiK believes that the transaction with SRK will not limit competition on the coal market. The regulator stated the coal mines would be transferred to SRK in order to manage them based on the recently implemented amendment to the coal mining law.
Kompania Weglowa's Mines To Be Sold And Divided
Jan 20 15
Kompania Weglowa S.A. will be divided and instead of liquidation of the four most loss-making mines (Bobrek-Centrum, Sosnica-Makoszowy, Brzeszcze and Pokoj), state-owned special purpose vehicle SKR (Mine Restructuring Company), will take over Piekary, Ruch Centrum of Bobrek-Centrum, Ruch Makoszowy of Sosnica-Makoszowy and Brzeszcze. The future of the four lose making mines will depend on whether SKR finds buyers for them. According to Rzeczpospolita, Brzeszcze has the biggest chances of being sold. There are at least two potential bidders: Universal Energy Spolka z o.o. and Tauron Polska Energia Spolka Akcyjna (WSE:TPE). By the end of September Weglokoks S.A. will take over other of Kompania Weglowa's mines, except from Ruch Bobrek, which will be taken over by Weglokoks Kraj
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