NWR, which is among Central Europe’s leading coking coal producers, said it will attempt to sell subsidiaries if it fails to reach agreement with shareholders and bond holders as far as its capital restructuring plan by September.

The Netherlands-based company needs 75% of its lenders to agree to the conditions, spokesman Petr Jonák told the Czech News Agency. At present, 63% have given the plan their backing, he said, adding that the firm expects to win sufficient support for a consensus agreement.

However, Jonák, head of external relations at NWR, said NRW’s board of directors are duty-bound to be prepared for all eventualities and possible developments. He insisted that whatever, happens, there will be no impact on the day-to-day running of OKD’s operations.