Polish treasury wants to partially transfer PGNiG, PZU, PGE stakes to govt fund

September 7, 2015 4:00 PM

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WARSAW, Sept 7 Poland's treasury ministry wants to transfer part of its stakes in gas group PGNiG, insurer PZU and utility PGE into state-run investment fund TF Silesia, an official agenda for a cabinet meeting on Monday showed.

A treasury spokesman declined to comment on the reason for such a move. Local media, however, said the government wants to use TF Silesia, among other state entities, to rescue state-controlled Kompania Weglowa, the European Union's largest coal miner, which is on the brink of bankruptcy due to high...

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