Cyfrowy Polsat S.A. has acquired a 66.94% stake in Port Praski and initiated further investments to diversify its portfolio in Poland's growing real estate market.

Information on the Target

Cyfrowy Polsat S.A. has completed a significant acquisition on April 1, 2022, by entering into a definitive agreement with Embud 2 spółka z ograniczoną odpowiedzialnością S.K.A. Based in Warsaw, the company acquired 1,070,000 shares of Port Praski sp. z o.o., representing approximately 66.94% of the capital stock, which grants the firm 66.94% of the voting rights at Port Praski's shareholder meetings. The purchase price for the shares amounted to 553,652,167.50 PLN, which translates to roughly five hundred fifty-three million six hundred fifty-two thousand one hundred sixty-seven zlotys and 50/100.

Additionally, the acquisition plans concerning Pantanomo Limited, a company registered in Limassol, Cyprus, revealed ongoing analyses related to the final capital structure. On the same day, Cyfrowy Polsat S.A. and Tobe Investments Group Limited executed an addendum to the preliminary agreement, which involves the acquisition of 4,705 shares in Pantanomo, representing about 32% of its capital stock. This agreement was originally set on December 20, 2021, and the new addendum outlines a change in the transaction closing date.

Industry Overview in Poland

Poland's investment landscape is characterized by robust growth across several sectors, particularly in renewable energy and infrastructure development. The nation's commitment to transitioning to sustainable energy sou