Poland confirms withdraws rescue plan for miner KW

September 24, 2015 8:11 AM

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WARSAW, Sept 24 The Polish treasury ministry confirmed on Thursday it has withdrawn a rescue plan for coal miner Kompania Weglowa (KW) as the European Commission is unlikely to approve it.

The Polish government earlier this month approved a plan to transfer part of its stakes in gas group PGNiG, utility PGE and insurer PZU into an investment fund that would use those stakes as collateral to raise cash for KW.

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