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Image via WikipediaThe smell of the IPO with the famous billionaire in the world. And union members who petardami may arise under the seat Warsaw Stock Exchange. How do I find all this to the President of Coal Company - sail or sail?
Announced on June 30 debut of Coal Company (JSW) on the Warsaw Stock Exchange might be the most important business event before the holidays. WSE will mining company, next to New World Resources (NWR) and Bogdanka, and we count all on the handle and the second. Six mine JSW has the largest deposits in the European Union quickly drożejącego coking coal last, crucial for the production of coke and steel production - is sure to attract investors from the world's major leagues.Already some years ago expressed a willingness to take over JSW Indian billionaire Lakshmi Mittal, and at the end of March this year is in this case in Poland, his son. Of course in the queue for shares set NWR Zdenek Bakala, who recently failed to get the stock market Bogdanka.Ministry of Finance issued his custom to sell a minority stake.There will be new problems, and funds are expected to budget.This raises concerns of miners, because in early April, nearly 95 percent. with 22 thousand. JSW employees vote in a referendum on the transformation of ownership.The unions demanding higher wages and labor warranty of 10 years. Disputes between unions representing the crew and Yaroslav Zagórowskim, president of the JCC, to heat and reduce the valuation of the company. Comes to mind comparisons with podlubelską Bogdanka, which successfully debuted in March 2010 on the WSE. A well-managed mine quickly find investors and its shares soared from 70.5 to more than 125 zł zł at the end of the year. But its president, Miroslaw union standing terrace wall.Zagórowski Jaroslaw, who, like the Core comes from the younger generation of mining executives, has every opportunity to repeat his success from Bogdanka. Started his career as a clerk in the Ministry of Economic Affairs in the mid 90s Since 2003, he sat on the board of JSW. At the office of President lifted in 2007, responsible for mining, Deputy Economy Minister Pawel Poncyljusz (PIS, now PJN). Zagórowski when he was aged 37 years and became the youngest head of coal company. As an industry just lost the position after the takeover of power by the PO-PSL. Tomczykiewicz Thomas, Chairman of the OP, a few times to lead to dismissal, but not as good as mine supervision received Minister of Economy Waldemar Pawlak, a good friend Zagórowskiego private.The realization that the political clock ticking and the next election in the fall, has contributed such that the head of the JCC has set a goal of privatization of the company. Often went to Warsaw and argues for the politicians, and above all, the minister of treasury.Aleksander Grad, which is needed to power the budget revenues from privatization, took the idea. To neutralize opposition from union members in March, he invited them to her and promised that the employees are not only present but also a former mine JSW will get free shares. Negotiations with the trade continues
source: forbes.pl/
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