Profil:
JSW SAJSW coal agrees to redeem approx. PLN 150 mln FIZ investment certificates
Listed coking coal group JSW's management board has agreed to redeem the company's rainy-day fund FIZ investment certificates with a total estimated value of PLN 150 million (EUR 35.1 mln), the company said in a market filing.
The company's management board has agreed to redeem in 2025 FIZ investment certificates with a total estimated value of PLN 3 billion (EUR 702 mln).
After the redemption of the certificates in the amount of PLN 150 million (EUR 35.1 mln), the value of the investment in the FIZ asset portfolio is estimated at approximately PLN 970 million (EUR 227 mln).
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