Jastrzębska Spółka Węglowa S.A.

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Jastrzębska Spółka Węglowa has used the FORDATA Virtual Data Room system to negotiate with a consortium of banks conditions of an investment loan, with which the Company intends to partially finance the purchase of the Knurów-Szczygłowice mine.

During the negotiations we provide access to confidential documentation to several dozen of people, therefore we decided to use FORDATA (formerly Datapoint), so that no document is sent to the wrong person. VDR gives a full control over the flow of sensitive data.

Jastrzębska Spółka Węglowa has used the FORDATA Virtual Data Room system to negotiate with a consortium of banks conditions of an investment loan, with which the Company intends to partially finance the purchase of the Knurów-Szczygłowice mine. The value of the planned investment, and hence – the funding, is so important that it requires the exchange of sensitive information from multiple entities (e.g., funding agencies, legal advisors, financial advisors, etc.).

During such difficult negotiation process with the amount of parties involved, sending documents via e-mail may be subject to a human error. VDR technology allowed for full control over the access to the documents with the possibility of deciding who and to what extent and time can use the confidential data.

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Jastrzębska Spółka Węglowa is the largest producer of high quality type 35 (hard) coking coal and a significant coke producer in the European Union.

Rafał Rychter Director of Finance Jastrzębska Spółka Węglowa S.A.
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