An international investor acquired 5% stake in Silesian Coal S.A. from HMS Bergbau AG.

An international investor acquired 5% stake in Silesian Coal S.A. from HMS Bergbau AG (XTRA:HMU) on December 30, 2020. After the completion of the transaction HMS Bergbau AG will hold 55.18 per cent of Silesian Coal. The proceeds of cash and cash equivalents will be used by HMS Bergbau AG, among others, to finance the operating activities of Silesian Coal International Group of Companies S.A. The transaction will also contribute to an improvement in the balance sheet structure of HMS Bergbau AG. An international investor completed the acquisition of 5% stake in Silesian Coal S.A. from HMS Bergbau AG (XTRA:HMU) on December 30, 2020.