Locked content JSW to sell one more unit to PGNiG for PLN 372 mln

Coal producer Jastrzębska Spółka Węglowa (JSW) has landed a preliminary deal to sell 100 percent of its heat and power generating unit SEJ to PGNiG Termika, a heat unit of listed natural gas giant PGNiG, for PLN 371.8 million, the company informed. JSW will receive a downpayment of PLN 278.9 million...

Locked content JSW to sell a stake in Victoria coking plant

Coal producer Jastrzębska Spółka Węglowa (JSW) has suspended the process of selling its coking unit JSW Koks, but is conducting talks on the issue of selling a stake in the Victoria coking plant. “The JSW Koks project has been temporarily suspended. As for the Victoria coking plant, negotiatio...

Locked content Energa not interested in JSW shares

Poland’s fourth biggest power group Energa anounced it is not interested in either assets or in shares of listed coal mine Jastrzębska Spółka Węglowa (JSW). “In relation to media reports on a potential interest from the power sector in assets or shares of JSW, Energa’s management d...

Locked content PGNiG may take over SEJ from JSW mine

Listed natural gas group PGNiG may take over power unit SEJ from coal mine JSW by mid-2016, PGNiG CEO Piotr Woźniak told PAP. Asked by PAP whether the transaction could be finalized by mid-2016 Wozniak confirmed that he saw no obstacles to such a scenario. At the same time, the PGNiG-JSW negotiation...

Locked content JSW with net loss of PLN 60 mln in Q1

Jastrzębska Spółka Węglowa (JSW), Poland’s largest coke producer recorded a PLN 59.8 million net loss in Q1 2016, compared with a PLN 198 million net loss in Q1 2015, the company informed. Operational loss amounted to PLN 114.9 million, versus PLN 205.4 million in Q1 2015. Sales revenue reache...

Locked content JSW sells PEC for PLN 190 mln

Coal producer Jastrzębska Spółka Węglowa (JSW) has sold a 100 percent stake in its heat and power unit Przedsiębiorstwo Energetyki Cieplnej (PEC) to PGNiG Termika for PLN 190.4 million, JSW said. The sale is part of JSW’s restructuring process. Additionally, PGNiG has filed a conditional bindi...

Locked content JSW raises more than PLN 1 billion

The deputy Energy Minister, Grzegorz Tobiszowski, confirmed Jastrzębska Spółka Węglowa’s (JSW) plan of divesting select assets to the amount of PLN 1 billion. “It is important that we engage the means we want to raise from investors, i.e. over PLN 1 bln,” Tobiszowski said. Listed c...

Locked content JSW to improve its financial situation by June 2016

“Listed coal miner Jastrzębska Spółka Węglowa (JSW) should exit its current financial predicament  by May-June,” deputy Energy Minister Grzegorz Tobiszowski announced. “We continue JSW restructuring, cost cutting, and indeed, after recent meetings, we are starting to make ends meet...

Locked content JSW selling Różany Gaj Hotel for PLN 24.8 mln

Jastrzębska Spółka Węglowa (JSW) has put Różany Gaj Hotel in Gdynia up for sale. The tender will be held on April 14 at JSW headquarters. It is not the first attempt to sell the hotel – company has been trying to offload the hotel for five years (the hotel was called ‘Antracyt’ the...

Locked content Tchórzewski: we will probably sell JSW’s subsidiaries

The Minister of Energy, Krzysztof Tchórzewski, confirmed the probability of the partial sale of Jastrzębska Spółka Węglowa’s (JSW) subsidiaries. However, the Minister emphasized that this was not yet a foregone conclusion. According to Deputy Minister Grzegorz Tobiszowski, JSW may make around ...