Poland is planning a $2.6 billion initial public offering (IPO) of coking coal producer, JSW, Reuters reports. Poland expects to sell about one third of JSW shares. The share sale is part of a plan to raise $5.5 billion to cut state borrowing. The shares will be traded on the Warsaw Stock Exchange. UniCredit, Citigroup, Goldman Sachs, PKO BP, Ipopema Securities and Societe Generale are acting as joint bookrunners for the offering.
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