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JSW SAJSW coal analyses possibilities for obtaining external capital support
Listed coking coal group JSW is analysing possibilities for obtaining external capital support, acting CEO Boguslaw Oleksy told a press conference on Wednesday.
When asked whether any capital support from external entities was being considered, JSW's acting CEO Oleksy replied: "(...) The company, analysing its situation, is considering capital support from other sources".
"These analyses must be market-based, but they are being conducted and the possibilities of obtaining funds are being examined, especially in the context of the European approach resulting from ESG and taxonomy. This severely limits the possibilities," he added.
The acting CEO pointed out that the group is penetrating markets in order to obtain external financing.
"Hence our determination when it comes to costs and restructuring, because potential investors or financiers will want to see the company in a way that ensures the effectiveness of the business to be financed. Such work is ongoing," he told the conference.
pel/ ao/ han/
