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Polish coking coal producer JSW denies merger talks with Czech-based NWR

Wednesday, 29 February 2012 13:48:04 (GMT+2)   -  

Tags: coking coal , raw mat , Czech Rep. , Poland , Europe , M&A , mining , European Union | similar articles » SteelOrbis News

Following a report by the British newspaper Daily Telegraph indicating a possible merger between Poland-based coking coal producer Jastrzebska Spolka Weglowa SA (JSW) and its Czech counterpart New World Resources Plc (NWR), JSW's CEO Jaroslaw Zagorowski has denied that the companies are negotiating over a merger plan.
 
According to media reports, NWR shares had risen to their highest value since February 9 due to merger speculation; however, after JSW's CEO denied merger talks were taking place, NRW shares decreased in value by 2.7 percent.
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