Reuters reported that Poland top coking coal miner JSW bought an 85% stake in a state-owned foundry coke producer Victoria from the Polish treasury for PLN 414 million.

JSW must invest 220 million zlotys in Victoria in five years under the agreement which is pending for regulatory approval. The Treasury will distribute the remaining shares in Victoria which posted a net profit of PLN 73.8 million last year with revenues at 614 million, between the coke maker's workers.

(Sourced from Reuters)