Zygmunt Solorz and its subsidiary Reddev have signed an agreement with Polsat Plus Group, according to which the entrepreneur will buy more than 82 million shares of the Polsat Plus group. The price is set at PLN 35 per item.
As we read in the company’s announcement, the Supervisory Board approved such an agreement.
“The intent of the company is to acquire under Bidding for no more than 82,904,517 shares The shares of the company and the price offered for the share in the tender offer were determined by the parties to the agreement for PLN 35.00– We read in the press release, this means that the total value of the transaction should not exceed 2.91 billion PLN.
Who will officially buy the shares? Polsat Plus Group informed: “Due to the restrictions placed on the Company under the Commercial Companies Act, Reddev will also be the entity purchasing the Company’s shares under the Bid Offer.”
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Zygmunt Souls explained the move in a private statement. “I realize that in the face of the challenges we want to meet, some of the existing shareholders may not intend to continue to be the group’s investors,” wrote the entrepreneur and owner of the Polsat Plus group.
Let us remind you that his interest recently also owns the publisher of the Interia website, Solorz It also plans investments in the framework of the so-called small nuclear reactors Through the company ZE PAK.
“Some contributors may say that since the group has reached a certain stage of development, then You may want to get out of their investmentWithout considering itself as shareholders of the group, and also developing its activities in new areas. Hence my proposal which will enable the sale of the shares at a fair price that we have built together so far.” – We read.
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