Prairie Mining London-Listed Shares Raise on Polish Coal Asset Talks
June 06 2018 - 7:07AM
Dow Jones News
By Adria Calatayud
Shares of Prairie Mining Ltd. (PDZ.AU) rose Wednesday after the
coal company said it is in talks with Polish peer Jastrzebska
Spolka Weglowa SA (JSW.WA) over coal projects in Poland.
Prairie, which has listings in Australia and the U.K., said
discussions are currently focused on a possible cooperation between
the two businesses, after press reports indicated JSW may be
interested in buying Prairie's assets.
Prairie said even if the talks move into discussions of specific
transaction terms, there can't be any certainty that a deal would
be agreed. It also said any potential transaction may be subject to
conditions related to funding.
London-listed shares in Prairie at 1028 GMT were up 16% at 29
pence.
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
June 06, 2018 06:52 ET (10:52 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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