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PGE SAPGE power's stock price falls 6 pct following information on loan agreements with BGK
Listed power utility PGE's stock price falls 6 percent to PLN 8.06 (EUR 1.93) around 1 pm local time, while the WIG20 index is down 1.9 percent. The company announced today loan agreements with Poland's state development bank BGK for a total of PLN 12.1 billion (EUR 2.9 bln)in EU financing under the national recovery plan KPO.
Approximately PLN 9.52 billion (EUR 2.3 bln) will be earmarked for financing projects carried out by PGE's distribution unit PGE Dystrybucja and approximately PLN 2.56 billion (EUR 612.09 mln) is to be allocated to finance projects realised by the group's railway energy unit, PGE Energetyka Kolejowa.
Turnover on PGE shares is PLN 14.53 million (EUR 3.47 mln), and on shares of all WIG20-listed companies is PLN 552.18 million (EUR 131.97 mln).
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