Jastrzębska Spółka Węglowa is negotiating with banks on financing conditions, 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 allows 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.
– “There is a possibility of securing the documents in such way that they are protected from saving or printing and any further distribution. The administrator decides who has what kind of access to which documents. In addition, the client monitors any user activity through reports – in a word, each of the documents is closely guarded and watched according to the client`s needs.” – says Aleksandra Prusator from FORDATA
Confidentiality in the circulation of documents during any transactions is particularly important for entrepreneurs who care about professional image, especially listed companies.
– “During the negotiations we provide access to confidential documentation to several dozen of people, therefore we decided to use FORDATA, so that no document is sent to the wrong person. VDR gives a full control over the flow of sensitive data.” – says Rafał Rychter, Director of Finance at JSW S.A.
The JSW Group is the largest producer of high quality type 35 (hard) coking coal and a significant coke producer in the European Union. JSW is composed of five hard coal mines: Borynia-Zofiówka, Budryk, Jas-Mos, Krupiński, and Pniówek, where coking coal and steam coal is excavated, as well as the Material Logistics Centre. Companies with capital ties toJSW S.A. include: Koksownia Przyjaźń Sp. z o.o., Spółka Energetyczna Jastrzębie S.A., Jastrzębskie Zakłady Remontowe Sp. z o.o., Jastrzębska Spółka Kolejowa Sp. z o.o.