Poland's Cyfrowy owners agree $2 bln share swap to buy Polkomtel

WARSAW Thu Jan 16, 2014 9:28am EST

WARSAW Jan 16 (Reuters) - Shareholders at Poland's largest media group Cyfrowy Polsat on Thursday agreed to a 6.15-billion zloty ($2 billion) share issue to buy the country's No.3 mobile operator Polkomtel in a share swap deal.

The owners voted through a plan outlined last year, in which Polish businessman Zygmunt Solorz-Zak decided to merge Cyfrowy and Polkomtel, both of which he controls, to ease the group's debt burden.