Warsaw (Puls Biznesu) – Gibson Group offers much
over PLN 100m (EUR 27.8m) for the mine although its assets are worth only PLN
170,000. The Scotts promise at least PLN 250m of investments and don’t want to
say where they have money from.
Kompania Weglowa (KW) is about to announce who will
buy Silesia mine located in Czechowice-Dziedzice. The bidding price amounts to
PLN 111.5m. Only one offer has been submitted. Gibson Group International with
headquarters in Glasgow, paid PLN 4m to take part in the tender. According to
“PB” sources, it offered much more than required, which means that it is keen to
buy the mine. No wonder. This is Poland’s second largest mine with 500m tons of
Gibson Group promises USD 100-150m of investment in
Silesia. The company, owned by Tom Gibson, a 64-year-old businessman from
Glasgow has only GBP 100 of equity capital. According to a financial report as
of November 2007, at the end of 2006, the company had GBP 65,800 of loss, assets
worth only GBP 33,400, including GBP 27,400 of cash and GBP 154,600 of debts.
However, money necessary to acquire the Polish mine are already waiting on a
“The money come from the company. Besides, no
company talks about the source of its capital”, Zbigniew Wasilkowski, Gibson
Group representative said when asked about the funds.
It’s hard to find information about the
“It deals in the energy and heating sectors, it is
well-known in Russia and China”, Dariusz Dudek, the head of Solidarnosc trade
union in Silesia mine said.
The company does not have a website. It is not
known in Western Europe. Zbigniew Wasilkowski said in April 2007 that it had
been founded by Tom Gibson in 1978.
A reliable source believes that Russians may hide
behind the Gibson Group.
“The Russians are keen on acquiring raw materials
in Poland but they do it in a very delicate way”, the source says.
According to documents “PB” has got access to, the
Gibson Group was previously known as The UK Russian Company. Gibson Group’s
representative denies it.
“This is purely British capital”, Zbigniew
KW is not interested who is going to buy the
“We only check financials, and not who is buying
and to whom he belongs”, Zbigniew Madej, KW spokesman said.
(PLN 1 = EUR 0.278)