JSW needs Dębieńsko in the near term to complement its deplete deposits.. Also Jan Karski is desirable due to "a very large shortage of semi-soft coals on the Polish market"
Regardless the tricks by Polish government, to make the deal, JSW knows that it has to offer a reasonable price for PDZ shareholders to accept. Otherwise it does not go anywhere over many coming years, the dragging scenario JSW does not want at all.
To grasp what is the acceptable price, Ozon is going to travel to London to meet his financial advisers and major shareholders of PDZ.
PDZ Price at posting:
37.0¢ Sentiment: Hold Disclosure: Held
