Cyfrowy Polsat announces that it has completed the sale of the majority of its shares in Asseco Poland, representing a 9.99% stake in its share capital. The transaction is part of Cyfrowy Polsat's ongoing strategy to further strengthen its operations in strategic areas and focus on its key pillars. The buyer of the shares is Yukon Blue Kapital B.V. According to the published current report, the number of shares sold is 8,300,029 and the price per share was PLN 85. The value of the entire transaction is over PLN 705 million.
Cyfrowy Polsat assesses that the investment in Asseco's shares was successful and profitable, bringing tangible financial and business benefits. The cooperation between the two companies, including the role of Asseco as the main technological partner of Cyfrowy Polsat, has proved very effective, enabling the implementation of many joint projects and the exchange of knowledge and experience in the area of modern technologies.
After a thorough analysis, the Management Board of Cyfrowy Polsat came to the conclusion that further pursuit of goals related to modern technologies and the IT area does not require direct capital involvement in Asseco. Having full confidence in further cooperation with Asseco, Cyfrowy Polsat believes that the current model of cooperation allows for full realisation of its technological ambitions, without the need for capital involvement.
The Management Board of Cyfrowy Polsat is focused on the further development of its activities in the three core pillars - media, telecommunications and green energy production, which are key to the company's future and growth. The company intends to focus its resources and competencies on these areas, which will form the foundation for further growth and innovation. This will enable Cyfrowy Polsat to pursue its long-term goals even more efficiently and strengthen its position on the market.
The sale of Asseco shares is part of this strategy and does not change the nature or quality of the existing cooperation between the companies, which will continue in the future based on the existing partnership relations. At the same time, the funds obtained from the sale will allow the company to secure both support for the implementation of its strategy and the Group's debt management.
