The decision will make it possible to transfer the ownership title to WZK „Victoria” S.A. shares to the investor. Pursuant to the agreement of 5 October 2011, the State Treasury Minister sold the 85% stake in WZK „Victoria” S.A. held by the State Treasury to JSW S.A.  The value of the transaction is PLN 413.9 million.

The acquisition of control over WZK „Victoria” S.A. will allow the JSW Capital Group to add another link to the value-added chain (foundry coke) and increase the scale of processing coking coal into high-margin products. The transaction has a very high synergy potential for the JSW Group's coking segment. The purpose of the consolidation is also to increase financial credibility and ability to raise capital by the JSW Capital Group and increase its reliability for potential investors.

WZK „Victoria” S.A. is the only significant producer of foundry coke in Poland and one of the four leading foundry coke producers in Europe. The expected growth in global demand for foundry coke is approximately 13% in the years 2010-2014.