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 binding offer for the purchase of power unit SEJ, JSW noted. No terms of that offer have been listed.