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Cyfrowy Polsat acquires 33% stake in Netia, plans to raise it to maximum 66%
2017-12-05 11:19:00| Telecompaper Headlines
(Telecompaper) Cyfrowy Polsat has announced that it has placed two purchase orders for shares in Netia, one for approximately 63.41 million shares from Mennica Polska and the other for some 47.29 million shares from closed-end investment fund FIP 11 Fundusz Inwestycyjny Zamkniety Aktywow Niepublicznych. These shares represent 33 percent of the total number of votes at the general meeting of Netia less one share, assuming that Netia redeems its treasury shares. It intends to raise this gradually to up to 66 percent.
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Category:Telecommunications