Europe's largest
coking coal producer
Poland-based Jastrzebska Spolka Weglowa SA (JSW) has made a deal to buy the foundry coke producer Walbrzyskie Zaklady Koksownicze Victoria SA from the Polish government for a consideration of $125.8 million, according to media reports.
According to the agreement which is subject to regulatory approval, JSW will acquire an 85 percent stake in the plant. JSW also has agreed to invest PLN 220 million ($66.6 million) in WZK Victoria over five years following the closing of the transaction.