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Polish antitrust regulator clears Polkomtel buy

25 октября 2011

Poland's antitrust regulator UOKiK has approved the takeover of Polish mobile phone operator Polkomtel SA by a firm held by Polish businessman Zygmunt Solorz-Zak.

The deal enables Polkomtel's shareholders to focus on their core businesses. It also significantly expands Solorz-Zak's media and communications empire that includes television broadcaster Cyfrowy Polsat SA.

Solorz-Zak's Spartan Capital Holdings in June agreed to buy Polkomtel for 15.1 billion zlotys ($4.76 billion) in cash, while the operator's enterprise value was PLN18.1 billion. Prior to the sale, Poland's largest power group, PGE Polska Grupa Energetyczna SA, held a 21.85% stake in Polkomtel, while oil refiner PKN Orlen SA and copper miner KGHM Polska Miedz SA each held a 24.39% share. Poland's Treasury controls all three companies.

The remaining shareholders in Polkomtel were U.K.-based telecom operator Vodafone Group PLC, which had a 24.39% stake, and coal miner Weglokoks SA, which is wholly owned by the Treasury and held a 4.98% stake.

Источник: Total Telecom

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