APG Groep N.V. signed an agreement to acquire 50% stake in Swiatlowod Inwestycje Sp. z o.o from Orange Polska S.A. (WSE:OPL) for PLN 1.4 billion on April 11, 2021. Out of that amount PLN 887 million will be paid on closing (subject to customary adjustments). Payment of the remaining PLN 487 million will occur in 2022-2026 and will be conditional on Orange Polska delivering on agreed network rollout schedule. The transaction is conditional upon its approval by relevant competition authorities and upon contribution of the fibre assets by OPL to Swiatlowód Inwestycje after confirmation by the relevant authorities of the legal basis of the transaction. As of August 5, 2021, EC approved the transaction. Proceeds from the sale will significantly strengthen Orange Polska balance sheet and will be an important element of the new strategy that will be announced in 2Q 2021. The transaction is expected to close by the end of August 2021. Lazard acted as financial advisor to Orange Polska S.A. Marcin Schulz of Linklaters C. Wisniewski i Wspolnicy Spolka Komandytowa acted as legal advisor to Orange Polska S.A. APG Groep N.V. completed the acquisition of 50% stake in Swiatlowod Inwestycje Sp. z o.o from Orange Polska S.A. (WSE:OPL) for PLN 1.4 billion on August 31, 2021. As per the transaction, APG Groep N.V. paid PLN 897 million to Orange Polska S.A.