WARSAW, May 28 (Reuters) - Tauron, Poland’s second-largest energy group, is considering submitting a final bid to buy smaller rival PKP Energetyka with Polish insurer PZU as a partner, Rzeczpospolita daily quoted Tauron’s CEO as saying on Thursday.
“We are inclined to choose PZU as a partner in submitting the bid for PKP Energetyka,” Dariusz Lubera was quoted as saying.
Sources earlier told Reuters that state-controlled power firm Tauron bid in a consortium with state-run PZU as financial back-up provider.
PKP Energetyka, owned by state railway group PKP, is Poland’s No.5 power company by the amount of energy sold and is the only Polish energy firm with a country-wide distribution network. Its sale is expected to raise around 1 billion zlotys ($264.47 million), media reported.
Rzeczpospolita said the deadline to submit final bids was June 8.
PZU and Tauron spokespeople were not immediately available to comment.
$1 = 3.7812 zlotys Reporting by Agnieszka Barteczko; Editing by Stephen Coates