DJ Poland Sells 46.7% Stake In Coal Miner Bogdanka For PLN1.12B

WARSAW (Dow Jones)--Poland's Treasury Ministry sold a 46.7% stake in coal mine Lubelski Wegiel Bogdanka SA (LWB.WA) to local pension funds for 1.12 billion zlotys ($395.8 million), or PLN70.50 a share, the ministry said in a statement Tuesday.

Following the sale, this year's privatization income totals more than PLN5 billion, or 20% of the PLN25 billion targeted in the budget bill.

After the transaction the government owns 4.3% of Bogdanka.

-By Marek Strzelecki, Dow Jones Newswires, +4822 447 2433; marek.strzelecki@dowjones.com

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(END) Dow Jones Newswires

March 09, 2010 03:47 ET (08:47 GMT)

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