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Current Report No. 53/2019

10.12.2019 01:00

Decision to end the process of seeking a potential investor interested in acquiring Janina Coal Mine (ZG Janina)

In reference to the current report no. 23/2019 of 27 May 2019, TAURON Polska Energia S.A. (”Issuer”) informs that, as part of the market verification of a potential divestment of Janina Coal Mine (”ZG Janina”) owned by TAURON Wydobycie S.A., the Issuer’s wholly owned subsidiary, on December 10, 2019, the Issuer’s Management Board took a decision to end the process of seeking a potential investor interested in acquiring Janina Coal Mine (ZG Janina), conducted since May of 2019, due to not having received any bids by the deadline set.

At the same time, the Issuer informs that it will be conducting conceptual and analytical works related to implementing the strategic direction aimed at making the Issuer’s Capital Group’s asset portfolio more flexible by adapting its mining assets to the Issuer’s Capital Group’s demand for fuel.

Art. 17, clause 1 of MAR – inside information
 

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