Cyfrowy Polsat S A : Conclusion of a share sale agreement for 50% of shares in Port Praski City II sp. z o.o. and Port Praski Medical Center sp. z o.o.
October 24, 2022 at 05:22 pm EDT
Share
Conclusion of a share sale agreement for 50% of shares in Port Praski City II sp. z o.o. and Port Praski Medical Center sp. z o.o.
Date:
24 Oct 2022
The Management Board of Cyfrowy Polsat S.A. ("Company"), hereby informs, in connection with its current report No. 18/2022 concerning the execution of a joint venture agreement by subsidiaries of the Company and HB Reavis Holding Cz a.s. ("HBR") and a share purchase agreement for 50% of shares in Port Praski City II sp. z o.o. ("PPCII") and Port Praski Medical Center sp. z o.o. ("PPMC"), that on 24 October 2022 agreements were concluded pursuant to which HBR acquired 50% of shares in PPCII and PPMC.
The above mentioned agreements were executed following the satisfaction of all conditions precedent, including in particular a clearance of the Office of Competition and Consumer Protection (UOKiK) to establish a joint venture.
As the next step, the parties to the joint venture intend to apply for the relevant administrative decisions aimed at obtaining a construction permit, after which they will proceed to determine the precise cost and timing of the project's implementation.
Legal basis: Article 17 Section 1 of the Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.
Attached files:
Current report no. 29/2022621.95 KB
Category:
Current reports
Report Number:
29/2022
Last updated 10/24/2022
Add to print basket
Go to print basket
Add to bookmarks
Add note
Go to note basket
View as PDF
Printer-friendly version
Send to friend
Attachments
Original Link
Original Document
Permalink
Disclaimer
Cyfrowy Polsat SA published this content on 24 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 October 2022 21:21:02 UTC.
Cyfrowy Polsat S.A. is one of the leading media and telecommunication groups in Poland. Net sales break down by activity as follows:
- operation of digital and audiovisual media (82.3%): operation of Internet portals, radio stations and TV channels, broadcasting services for per-decoder TV streams, etc.;
- broadcasting and program production (16.9%): entertainment programs, series, etc. broadcast on TV and on radio stations ;
- other (0.8%).
Cyfrowy Polsat S A : Conclusion of a share sale agreement for 50% of shares in Port Praski City II sp. z o.o. and Port Praski Medical Center sp. z o.o.
CYFROWY POLSAT S.A. 
