We use cookies to make sure our website better meets your expectations.
You can adjust your web browser's settings to stop accepting cookies. For further information, read our cookie policy.
IN Warsaw
Exchange Rates
Warsaw Stock Exchange - Indices
The Warsaw Voice » Business » December 6, 2017
You have to be logged in to use the ReadSpeaker utility and listen to a text. It's free-of-charge. Just log in to the site or register if you are not registered user yet.
Cyfrowy Polsat with series of takeovers
December 6, 2017   
Article's tools:

Tobias Solorz
Media and telecom group Cyfrowy Polsat will buy a ca. 32% stake in listed telecom Netia from two lead Netia shareholders for a total of PLN 638.8 million and will launch a tender offer to reach no more than a 66% stake, the company said in several market filings and a press statement. Cyfrowy Polsat expects some PLN 800 million worth synergies in 2019-2023 from taking over a 66% stake in telecom Netia, Cyfrowy Polsat said in a press statement.
Cyfrowy Polsat would like to announce a tender offer for Netia telco to raise its stake to 66% as soon as possible and could consider increasing the stake to 100% in the future, company officials told an analyst teleconference.
Cyfrowy Polsat for the time being maintains its dividend policy, CEO Tobias Solorz told an analyst teleconference on Netia telco's takeover.
Cyfrowy Polsat bought 100% of shares in the companies owning Eska TV, Eska TV Extra, Eska Rock TV, Polo TV and Vox Music TV channels and 34% of shares in a firm owning Fokus TV and Nowa TV channels in a deal worth ca. PLN 103 million, the company said in a press statement.
© The Warsaw Voice 2010-2018
E-mail Marketing Powered by SARE