Local energy holding Energeticky a Prumyslovy Holding (EPH), acting in consortium with Silesia mine employees under the name Przedsiebiorstwo Gornicze Silesia, is likely to buy Polish coal mine Czechowice-Dziedzice Silesia from Polish coal miner Kompania Wglowa (KW), M&A newswire DealWatch reported. KW has reportedly finalised negotiations with Przedsiebiorstwo Gornicze Silesia . The transaction is to be completed at the turn of June and July. The price of the deal has not been announced. EPH plans to invest a few hundred million PLN in the mine and achieve coal production of 2mn tons per year. EPH was established by financial groups J&T and PPF - each of them controls a 40% stake, while former J&T partner Daniel Kretinsky holds 20%. |
Social Democrats (CDDS), the major Czech opposition party, proposed next year's general and European elections to be held on the same day, CTK news agency reported. CSSD leader Bohuslav Sobotka ... more
The Czech unit of UK retailer Tesco faces a fine of up to CZK 3mn (EUR 116,000) for selling beef lasagne containing undeclared horsemeat, Radio Prague reported. The state-run Agricultural and Food ... more
The upper house of the Czech parliament, the Senate, voted on March 20 a constitutional amendment to limit the immunity of lawmakers and constitutional judges, Radio Prague reported. Out of the ... more