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The Warsaw Voice » Business » June 24, 2014
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KGHM shortlist banks for 2.5bn financing
June 24, 2014   
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Poland’s copper giant KGHM has already received bids from banks for providing USD 2.5 billion in financing and made a short list, KGHM CEO Herbert Wirth told Bloomberg Businessweek Polska weekly.

The group is still considering an IPO of its Canadian unit KGHM International and might float it in Toronto, if the offering is smaller, or else in London.

As far as potential further acquisitions are concerned, KGHM is watching several projects and will continue to watch the market for opportunities, but is nowhere close to the decision on realization of any of those projects, the CEO said.

In terms of dividend, KGHM is slowly achieving a stable policy, which is a preferable option, the CEO added.

On Monday KGHM shareholders approved the payment of a PLN 5 per share dividend from 2013 profit, in line with a prior proposal from management.

In 2013 KGHM netted stand-alone PLN 3.06 billion.
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