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JSW SAJSW coal management board wants to redeem approx. PLN 210 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 210 million (EUR 49.1 mln), the company said in a market filing.
In 2025, the company's management board has agreed to redeem FIZ investment certificates with a total estimated value of PLN 3.21 billion (EUR 749.7 mln).
After the redemption of the certificates in the amount of PLN 210 million (EUR 49.1 mln), the value of the investment in the FIZ asset portfolio as of June 30, 2025, is estimated at approximately PLN 760 million (EUR 177.54 mln).
The closed-end investment fund (FIZ) was established by the company in order to stabilise its financial liquidity and limit the impact of coal and coke price volatility on the continuity of the group's operating and investment activities.
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