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JSW SAJSW coal's supervisory board agrees to redeem PLN 150 mln FIZ investment certificates
Listed coking coal group JSW's supervisory board has agreed to redeem the company's rainy-day fund FIZ investment certificates with a total estimated value of PLN 150 million (EUR 35.3 mln), JSW said in a market filing.
In 2025, the group's supervisory board has agreed to redeem FIZ investment certificates with a total estimated value of PLN 3 billion (EUR 705.6 mln).
According to estimates made on June 30, 2025, the value of the investment in the FIZ asset portfolio after the redemption date is estimated at approximately PLN 970 million (EUR 228.14 mln).
JSW has established the Closed-End Investment Fund (FIZ) to stabilise the company's financial liquidity and limit the impact of coal and coke price volatility on the continuity of the capital group's operating and investment activities.
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