The tender commission of Kompania Weglowa (KW) recommended yesterday to sell Silesia coal mine in Czechowice-Dziedzice to the only company interested in the transaction, i.e. the Gibson Group International (GGI) of Glasgow. Today, KW management headed by Grzegorz Pawlaszek, is supposed to make suitable decision. The potential investor presented all required documents, including bank guarantees and paid PLN 4m (EUR 1.1m) of a deposit payment.
After texts published in “PB”, the commission checked the documents from the company. It turned out that they came from Serwell, a company registered on Virgin Island and not by GGI. On February 28th, the Scottish company delivered bank guarantees from PKO BP bank. There were no more reasons to cancel the tender.
GGI is a company with GBP 100 of capital whose 99 percent owner is Thomas Gibson. The remaining 1 percent belongs to Neil Gibson. The company has time till the end of June to pay PLN 205m plus VAT, the amount it offered in the tender. KW supervisory board and the GSM, i.e. the Ministry of Economy, must approve of the transaction as well.
GGI was founded in 2001 under the name The UK Russian Company. On may 13th 2005, it changed name into GGI. Since 2003, the company would have negative capitals and GBP 155,000 of debts in 2006. Its assets were worth zero. In the credit rating, the company has a high risk. Part of “PB” sources say that Russian capital stays behind the company. Zbigniew Wasilkowski, GGI representative, assures that the company is purely Scottish.
(PLN 1 = EUR 0.284)