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General

Cyfrowy Polsat acquires 33% stake in Netia, plans to raise it to maximum 66%

Tuesday 5 December 2017 | 11:19 CET | News
Polish broadcaster Cyfrowy Polsat announced that it has placed two purchase orders for shares in Netia, one for approximately 63.41 million shares from Mennica Polska and the other for some 47.29 million shares from investment fund FIP 11 Fundusz Inwestycyjny Zamkniety Aktywow Niepublicznych. These shares represent 33 percent of voting rights at Netia less one share, assuming that Netia redeems its treasury shares. Cyfrowy Polsat said it intends to raise this gradually to up to 66 percent, after securing approval from the Polish competition regulator.

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Categories: General
Companies: Cyfrowy Polsat / Netia
Countries: Poland
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