JSW to buy Budryk coal mine

Although the strategy will not be adopted until June, work on the transaction has already begun. "JSW will organize a tender to select a company which will establish the value of the coal mine," said Budryk president Piotr Bojarski. The transaction will take place in the second half of 2007 and will make Budryk the sixth coal mine within the JSW structure. "The merger with JSW will require the consent of the Office for Competition ad Consumer Protection (UOKiK)," added Bojarski. The employees of Budryk (over 2,000 people) are to retain all their benefits. (Puls Biznesu, p. 12) E.B.