Polish billionaire Zbigniew Jakubas has acquired an extra 7.75% stake in fixed-line operator Netia for PLN158m (US$42m), boosting his holding to 33.65%.
Jakubas, who owns his shares in Netia via minting company Mennica Polska and FIP 11 Closed…
Polish billionaire Zbigniew Jakubas has acquired an extra 7.75% stake in fixed-line operator Netia for PLN158m (US$42m), boosting his holding to 33.65%.
Jakubas, who owns his shares in Netia via minting company Mennica Polska and FIP 11 Closed Investment Fund, bought the shares from local fund management firm MCI for PLN5.86 each, the seller said in a statement.
At the time of writing, Netia’s shares were down 0.51% to PLN5.90 each on the Warsaw Stock Exchange.
The transaction is set to be completed on 9 April, with a potential postponement to 15 April.
MCI said it had made a 19% return on its investment in Poland’s largest fixed-line operator. It will not have a stake in Netia once the transaction closes.
Jakubas is the operator’s largest shareholder followed by London-based Sisu Capital, which has a 12.74% holding.
Last month, Netia entered into a cooperation agreement with local mobile player P4 (Plus), enabling it to develop mobile and converged offerings.