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4 years ago
Poland's Cyfrowy owners agree $2 bln share swap to buy Polkomtel
January 16, 2014 / 2:30 PM / 4 years ago

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

1 Min Read

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.

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