Monday, May 21st, 2012
Today's weather     
Enea's 'false start' in bid to buy Bogdanka

25th January 2012
Bookmark and Share


Analysts say an excessively early declaration by officials from Polish utility Enea of the firm's interest in investing in coal miner Bogdanka could have seriously handicapped any future investment opportunities.

“The public announcement of one's interest in a particular firm is the worst method of finalizing such a transaction,” Paweł Puchalski, an analyst at DM BZ WBK, told Parkiet.

Enea's deputy CEO said earlier in the week that his company is considering investing in the coal miner to gain direct access to coal used for energy production.

"We are considering such an idea and we are running a deep analysis of it now," deputy CEO Krzysztof Zborowski said in an interview for TVN CNBC. "We have also thought about that before."

"This is in a study phase, but privately I think that creating a line from extraction, through production and sale does make a lot of sense."

Bogdanka's stock jumped 4.6 percent on Monday, after the news broke, and another 2.2 percent on Tuesday.

Poland A.M.


From Warsaw Business Journal


Advertisement
The business of politics
Polish politics hits new low
BY Remi Adekoya
It is difficult to think of any major European country where there is as much polarization and hatred between political parties and ... READ MORE
The business of politics
Poland's Ukraine headache
BY Remi Adekoya
Following a flurry of announcements by top EU officials (including the President of the European Commission Jose Manuel Barroso), that they will ... READ MORE
Our partners