Bloomberg News

Poland Said to Set JSW IPO Price Range 135-136 Zloty a Share

June 28, 2011

June 28 (Bloomberg) -- Poland, seeking as much as 5.77 billion zloty ($2.1 billion) from the initial public offering of Jastrzebska Spolka Weglowa SA, may price the shares at 135 zloty to 136 zloty each, three people with knowledge of the transaction said today.

A final price will be decided later tonight, said the people, who declined to be named because the information is private. At 136 zloty a share, the IPO will raise about $2 billion.

Maciej Wewior, a spokesman for the Treasury Ministry, declined to comment on the pricing when contacted by phone.

To contact the reporter on this story: Zijing Wu in London at zwu17@bloomberg.net

To contact the editor responsible for this story: David McQuaid at dmcquaid1@bloomberg.net


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