Cyfrowy Polsat S.A. (WSE:CPS) made an offer to acquire remaining 34.02% in Netia S.A. (WSE:NET) for approximately PLN 550 million on December 23, 2020. Under the terms of the transaction Cyfrowy Polsat S.A. will acquire 114.2 million shares for PLN 4.8 per share. Prior to the the transaction Cyfrowy Polsat holds 221.4 million shares representing 65.98% and post acquisition will own 100% stake in Netia S.A. On 23 December 2020, the Supervisory Board of the Company adopted a resolution consenting to the announcement of the Tender Offer. The tender offer period will commence on January 15, 2021 and end of February 26, 2021. As on February 26, 2021, The deal is expected to be completed by March 8, 2021. As of March 5, 2021, Cyfrowy Polsat S.A. will be acquiring only 0.085 million shares in Netia S.A.

Cyfrowy Polsat S.A. (WSE:CPS) completed the acquisition of an additional 0.03% stake in Netia S.A. (WSE:NET) on March 8, 2021. As a result of the transaction, stake of Cyfrowy Polsat S.A., in Netia S.A., has just crossed 66%.