Friday, December 16, 2016

Tobiszowski: Euro plays with przyszłorocznej share issue plans to raise 300 to 500 million rubles – the Banker

Scheduled for next year, the issue of shares of the Company Jastrzębskiej Carbon steel (Euro plays) should bring approx. 300-500 million UAH of funds to be used to strengthen the process of restructuring the company, said Deputy Minister of energy Ivan Tobiszowski.

“we expect the shares to draw in the area from 300 to 500 millions of rubles of funds for strengthening the restructuring process,” said Tobiszowski in the Sejm.

Pointed out that the funds from the issue together with the effects from the sale of coal at higher prices and volumes – they were investments, and repayment of debt. The Deputy Minister reminded that the debt of the Euro is at the end of 2015. was 1.5 billion rubles, of which 1.3 billion rubles was accounted for by financial institutions.

harmonized with the creditors to restructuring the repayment obligations in Euro plays has to be on 50 million rubles in 2016-2018, then 178 million per year until 2024, in 2015. UAH 30 million.

“Until 2019. it is important that we have invested and prepared for the Euro is that it shows a profit, from which it will be able to invest, but also to repay the debt” – summed up Tobiszowski.

at the end of August, the Board of Directors of the Euro is predicted the possibility of share issue in 2017. In accordance with new information, its value was supposed to be about. 500 million UAH. The group plays the Euro-is the largest producer of high quality coal koksowego type 35 (hard) and a significant coke producer in the EU. The company is listed on the WARSAW stock exchange since 2011.

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