In December 2009, after record quick negotiations, J&S Energy S.A. and bank syndicate consisting of BNP Paribas S.A., Bank Pekao SA, Societe Generale S.A, RBS Bank (Polska) S.A. and ABN Amro Bank N.V. signed credit agreement in the amount of USD 160m financing fuel obligatory reserves and financial instruments hedging against risk of fuel price movements.

It is the first structured financing of this kind on the Polish market.

FIDEA acted as the sole financial adviser of J&S Energy S.A.