Listed power groups PGE (WSE: PGE) and Energa (WSE: ENG), as well as PGNiG Termika, a unit of natural gas group PGNiG (WSE: PGN), filed preliminary non-binding offers to invest in total up to PLN 1.5 bln in Polska Grupa Gornicza (Polish Mining Group), the latter having a mandate to restructure heavily indebted coal miner Kompania Węglowa.

The amount of the contemplated investment by Energa, which can reach up to PLN 600 mln, is expected to be frowned upon by investors, and we can see impressive sell-side build up of Energa SA, whose shares lost up to 10%.