VDR How to Take Care of the Image of a Listed Company in Negotiations with Banks

Poznan, 22.05.14

Inspirations

VDR – how to take care of the image of a listed company in negotiations with banks

Virtual Data Room (VDR) Technology, so far associated with good practices during Mergers and Acquisitions is entering a new stage of usage. It is currently supporting the JastrzębskaSpółkaWęglowa in negotiations with respect to obtaining financing.

JastrzębskaSpółkaWęglowa is negotiating with banks on financing conditions, with which the Company intends to partially finance the purchase of the Knurów-Szczygłowice mine. The value of the planned investment, and hence – the funding, is so important that it requires the exchange of sensitive information from multiple entities (e.g., funding agencies, legal advisors, financial advisors, etc.).

During such difficult negotiation process with the amount of parties involved, sending documents via e-mail may be subject to a human error. VDR technology allows for full control over the access to the documents with the possibility of deciding who and to what extent and time can use the confidential data.

– “There is a possibility of securing the documents in such way that they are protected from saving or printing and any further distribution. The administrator decides who has what kind of access to which documents. In addition, the client monitors any user activity through reports – in a word, each of the documents is closely guarded and watched according to the client`s needs” – says Aleksandra Prusator from Datapoint.

Confidentiality in the circulation of documents during any transactions is particularly important for entrepreneurs who care about professional image, especially listed companies.

– “During the negotiations we provide access to confidential documentation to several dozen of people, therefore we decided to use Datapoint, so that no document is sent to the wrong person. VDR gives a full control over the flow of sensitive data” – says RafałRychter, Director of Finance at JSW S.A.

The JSW Group is the largest producer of high quality type 35 (hard) coking coal and a significant coke producer in the European Union. JSW is composed of five hard coal mines: Borynia-Zofiówka, Budryk, Jas-Mos, Krupiński, and Pniówek, where coking coal and steam coal is excavated, as well as the Material Logistics Centre. Companies with capitaltiestoJSW S.A. include: Koksownia Przyjaźń Sp. z o.o., Spółka Energetyczna Jastrzębie S.A., Jastrzębskie Zakłady Remontowe Sp. z o.o., Jastrzębska Spółka Kolejowa Sp. z o.o.

Datapointis a pioneer on the Polish capital market. The company supports the largest M&A, IPO, Private Equity and privatization projects in Poland and other countries of Central and Eastern Europe, based on the technology of a Virtual Data Room. The Datapoint VDR increased security and the effectiveness of several hundred transactions with a total value of over 29 billion, with a total of more than 20,000 users from hundreds of independent companies from around the world. Our aim is to identify the needs in terms of safe management of confidential documents for specific industries and meet them basing on a technology of the Virtual Data Room. The DATAPOINT services are used by the industry leaders in Poland and abroad, including Private Equity Enterprise Investors fund, NFI Empik, ZELMER, Bank DNB, BOŚ Bank, PolimexMostostal, Budimex, DM PKO BankuPolskiego, Deloitte Advisory, Ernst&Young Corporate Finance, KPMG Advisory, Śnieżka, Enea, JSW, Espirito Santo Investment Bank and many others.

In September 2014 the company changed its name to FORDATA, more:

Contact for media:

Aleksandra Prusator, e-mail: tel: 506 044 056

BeataMilewicz, e-mail: tel: 508 051138

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