EBRD gains stake in Cyfrowy Polsat

December 23, 2013 11.56 Europe/London By Chris Dziadul

Cyfrowy Polsat NewThe European Bank for Reconstruction of Development (EBRD) has become a shareholder in Cyfrowy Polsat, the leading media and telecoms group in Poland.

It follows Cyfrowy Polsatís acquisition of Metelem, a previous owner of Polkomtel, the operator of the mobile company Plus, in a deal announced in November.

As a result of the transaction, Cyfrowy Polsat will gain the 16.23% stake in Metelem held by the EBRD, which will in turn secure a stake of 7.39% in the conditionally increased share capital of Cyfrowy Polsat.

Cyfrowy Polsatís interests include the DTH platform of the same name, which is the largest in Poland, with over 3.5 million subscribers.