Solorz-Zak mulls selling minority equity in Cyfrowy Polsat.
Solorz-Zak mulls selling minority equity in Cyfrowy Polsat. TV broadcaster Polsat owner Zygmunt Solorz-Zak and Heronim Ruta have asked Deutsche Bank, Credit Agricole CIB and Trigon to analyse possibilities of the potential offer of the selling part of their equity in Blue-chip DTH operator Cyfrowy Polsat, Cyfrowy Polsat has said, stressing that Solorz-Zak will retain control over the company. "The proceeds from the completion of the potential placement would be used by shareholders for investments in the telecommunications sector", the release reads. Solorz-Zak - together with investment funds - is taking part in the tender to buy 100% stake in Polkomtel, the operator of the telephony network Plus, estimated at PLN 16-18bn. In line with the announcement from shareholders, the potential placement would be only directed at persons who are qualified investor. However, Solorz-Zak later told the Rzeczpospolita daily that the proceeds would be used to finance the expansion of telecom infrastructure and building the LTE network. In his capital group, this network is designer to be build by listed NFI Midas's subsidiaries - Mobyland and CenterNet - as well as Aero 2 (also with capital links to Midas), the newspaper added. ISB, tom