The Management Board of KGHM Polska Miedź S.A. announces that the Company participated in the sale by the Ministry of the State Treasury of the shares of TAURON Polska Energia S.A., submitting a purchase order for the shares of TAURON Polska Energia S.A. As a result of this transaction, KGHM Polska Miedź S.A. acquired on 23 March 2011 71 000 000 shares of TAURON Polska Energia S.A. at the price of PLN 6.15. The transaction was realised as part of an accelerated book building process.
Following this transaction, KGHM Polska Miedź S.A. owns a total of 182 110 566 shares of TAURON Polska Energia S.A., representing 10,39% of the share capital.
The purchase of the shares of TAURON Polska Energia S.A. is related to realisation of the Strategy of KGHM Polska Miedź S.A. for the years 2009-2018, which foresees the diversification of revenue sources and entrance into the power sector.
Legal basis: art. 56 sec. 1 point 1 of the Act dated 29 July 2005 on public offerings and conditions governing the introduction of financial instruments to organised trading, and on public companies (Journal of Laws from 2005 No. 184, item 1539 with subsequent amendments)
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