Weil advised companies from the capital groups of PGE, PGNiG, Energa and PFR as well as PGG in connection with the acquisition of mining assets from Katowicki Holding Weglowy.
Weil advised the subsidiaries of Polska Grupa Energetyczna S.A., Polskie Gornictwo Naftowe i Gazownictwo S.A. and Energa S.A., as well as Fundusz Inwestycji Polskich Przedsiebiorstw Fundusz Inwestycyjny Zamkniety Aktywow Niepublicznych, an investment fund managed by Polski Fundusz Rozwoju S.A., and Polska Grupa Gornicza sp. z o.o. (PGG) in connection with a highly complex transaction involving the acquisition by PGG of the mining assets of Katowicki Holding Weglowy S.A.
In connection with the transaction, Weil advised on the PLN 1 billion recapitalisation of PGG, on determining the rules governing the accession of Enea S.A. as a shareholder of PGG, as well as on the issue of bonds with a value of PLN 1.2 billion by PGG, which a consortium of Polish and foreign banks (Bank BGZ BNP Paribas S.A., Bank Zachodni WBK S.A., DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Bank Gospodarstwa Krajowego S.A. and Powszechna Kasa Oszczednosci Bank Polski S.A.) committed to subscribe.
Weil's team was led by Marek Durski, the head of the energy and natural resources practice of Weil's Warsaw office, whereas the work on the bond issue was managed by Artur Zawadowski, a partner and head of the banking and finance practice. The team also included the legal advisors Bartosz Gryglewski, Jacek Balicki and Lukasz Szatkowski, as well as attorney Anna Maternia. Iwona Her, a partner and head of the antimonopoly practice of Weil's Warsaw office, and Irmina Trybalska, legal advisor, advised on antimonopoly issues related to the transaction.