Poland's Enea Makes $398 Million Bid for Bogdanka Coal MinerBy and
Utility offers to buy coal producer at 29 percent premium
Bid doesn't reflect real value, biggest shareholder Aviva says
Enea SA offered to buy a controlling stake in Lubelski Wegiel Bogdanka SA for 1.48 billion zloty ($398 million) to combine the Polish state-controlled power utility with a privately-held coal producer. Shares in Bogdanka soared the most on record.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.