Canal+ Poland submits new prospectus for IPO

Canal+ Poland has submitted a prospectus on a share emission to the Polish Financial Supervision Authority KFN, reports Wirtualnemedia.pl. The company said that its minority shareholders TVN Media and Liberty Global will decide on the eventual IPO.

No decision on the eventual listing has been taken yet, and the situation will depend on numerous factors, according to a statement from Canal+ Poland.

According to the prospectus, TVN Media and Liberty Global would sell all their shares, and Canal+ would remain the majority shareholder. French company Canal+ Group, controlled by Vivendi, owns a 51 percent stake in Canal+ Poland, TVN Media owns around 32 percent of shares, and the stake of Liberty Global totals approximately 17 percent.

Canal+ Pokand previously published a prospectus and launched its initial public offering (IPO) of shares in November 2020. The sale of up to 49 percent of its shares was expected to raise a maximum PLN 1.3 billion (EUR 284 million). Nevertheless, TVN Media and Liberty Global changed their plans later due to volatility in financial markets.