Vectra triple play bids for 33pct stake in Netia telco
July 3, 2014
Triple play operator Vectra announced a tender offer for 114.8 million shares of listed telco Netia, a 33% stake in the company, at PLN 5.31 apiece, offer manager UniCredit CAIB said in a statement.
Vectra would treat the purchase of Netia's shares as a financial investment, the statement reads.
Vectra intends to go thruogh with the offer only if it receives subscriptions for the maximum amount of shares it bids for.
Subscriptions will be admitted from July 23 to August 5.
Vectra currently holds no shares in Netia.