UOKiK approves takeover of JSW's unit by PGNiG Termika

PGNiG Termika has been granted unconditional approval issued by the head of antimonopoly watchdog UOKiK for the takeover of Jastrzębska Spółka Węglowa's (JSW) heat and power generating unit SEJ, the watchdog informed. PGNiG Termika called for the sale of 100 percent stake in JSW's heat unit SEJ for the amount of PLN 317.8 million. 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.