A team of advisers appointed for the analysis of KWK Brzeszcze assets, based on the conducted first stage of analyses, recommended the path for the purchase of these assets, in accordance with the variant assuming their takeover from Spółka Restrukturyzacji Kopalń (Mine Restructuring Company). The Management Board of TAURON approved this recommendation.
Irrespective of the adopted recommendation, a team appointed by the company, comprising external experts, has been continuing the comprehensive analysis of technical, geological, legal and, in particular, economic and business aspects.
Opportunities of potential cooperation with the financial or infrastructural partner are also analysed, including the terms of such cooperation supported by the conducted market research. Moreover, the analysis also focuses on the structure of the transaction based on a special purpose vehicle (SPV), assuming the lack of consolidation of assets purchased and, at the same time, the elimination of risk associated with the potential deterioration of financial indicators of TAURON Capital Group, in particular, the net debt to EBIDTA ratio.
On 16 January this year, TAURON Polska Energia expressed preliminary interest in purchasing all assets of KWK Brzeszcze or their part. The Company continues to stress that the final decision determining the terms of the potential transaction will be possible following the completion of analyses confirming the possibility of economically viable coal mining.
