* Says no reply to offer to participate
* Bogdanka says seeks investors, but of financial character (Adds Bogdanka CEO comments, detail)
WARSAW, June 12 (Reuters) - Polish chemicals group Pulawy has received no reply to its offer to take part in the initial public offering of coal mine Bogdanka and will not buy any shares, Pulawy's chief executive said on Friday.
Pulawy earlier flagged it wanted to participate in Poland's largest IPO so far this year and did not rule out seeking a controlling stake in state-owned Bogdanka.
But Poland's most profitable coal mine sought different investors from the flotation of around one third of the company.
"During the road show as well as the whole IPO process we said the offer is fully aimed at private and institutional investors, but of a financial character," Bogdanka Chief Executive Miroslaw Taras told Reuters on Friday.
Asked if this excluded Pulawy, he said: "This is self-explanatory."
Bogdanka last week set the issue price at 48 zlotys, aiming to raise 528 million zlotys. The price, at a top of the initial 42-48 zloty range, values Bogdanka at 1.6 billion zlotys ($504.4 million).
Bogdanka will be the second coal mine in the region to go public recently. Shares in Czech NWR initially rose after its IPO last year, but now trade 80 percent below the debut price.
"On June 5, Pulawy declared its willingness to buy Bogdanka shares, but has not received an invitation to join the IPO in response to this declaration," Pulawy CEO Pawel Jarczewski told shareholders at the company's general meeting.
"I therefore propose that we skip the fifth point of the shareholders meeting agenda (concerning the participation in Bogdanka IPO)," he said.
Poland's centre-right government is determined to push through several privatisation listings in the coming months, starting with Bogdanka, hoping that the recent recovery on world markets will encourage investors to take part.
Bogdanka's market debut is scheduled by June 25. (Reporting by Pawel Bernat and Adrian Krajewski; Editing by Dan Lalor and David Cowell)