Profil:
JSW SAJSW coal management board wants to redeem approx. PLN 400 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 400 million (EUR 94.2 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 3.61 billion (EUR 849.8 mln).
After the redemption of the certificates in the amount of PLN 400 million (EUR 94.2 mln), the value of the investment in the FIZ asset portfolio as of August 29, 2025, is estimated at approximately PLN 360 million (EUR 84.74 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.
doa/ ao/