A unit of Sibs - SGPS, S.A. signed an agreement to acquire PayTel S.A. from Comp S.A. for PLN 200 million.
June 19, 2018
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Sibs - SGPS, S.A. signed an agreement to acquire PayTel S.A. from Comp S.A. (WSE:CMP) for PLN 200 million on June 19, 2018. Under the terms of agreement, Sibs acquired 55% at the time of signing of agreement for PLN 34 million and will acquire remaining 45% in three tranches of 15% each over subsequent years. Final purchase price will be set on the basis of PayTel result over 2018-2020 and will not be higher than PLN 200 million. The transaction is expected to complete in 2021.
Piotr Wojnar, Janusz Szelinski, Lukasz Polak and Aleksandra Sztajer of act BSWW legal & tax acted as legal advisors to Comp S.A. Azevedo Neves, Benjamim Mendes, Carvalho & Associados Sociedade de Advogados RL acted as legal advisor to Sibs - SGPS, S.A. KPMG acted as a financial advisor to SIBS, SGPS, S.A.
Comp SA is a Poland-based company active in the information technology (IT) sector. The Company offers IT consulting, creating conceptual solutions, project advice, integration of different system platforms, training and service, and net infrastructure for local and wide area network systems. Comp SA owns data processing centers and back-up centers. Additionally, the Company produces computers, peripheral equipment and cash registers. Among the Companyâs major partners are companies from the finance, public, transport, services, telecommunications and other sectors. As of December 31, 2011, the Company formed a capital group with its 15 subsidiaries, including Pacomp Sp. z o.o., Safe Computing Sp. z o.o., Enigma Systemy Ochrony Informacji Sp. z o.o., ZUK Elzab SA and Comp Centrum Innowacji Sp. z o.o., among others.
COMP S.A. 
