JSW to sell one more unit to PGNiG for PLN 372 mln
18:12
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, while the remainder of the total price will be paid once the final sales agreement is signed.
"The agreement also sets out long-term conditions of SEJ purchasing coal and methane from JSW, as well as the conditions of selling heat, compressed air and power from SEJ to JSW," a statement read.
Recently in April, JSW sold a 100 percent stake in its heat and power unit Przedsiębiorstwo Energetyki Cieplnej (PEC) to PGNiG Termika for PLN 190.4 million.
