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Greenberg Traurig Again Represents the Cyfrowy Polsat Group in the Next Stage of its Development

WARSAW – April 29, 2016 – The Warsaw office of international law firm Greenberg Traurig, LLP represented Cyfrowy Polsat and Polkomtel in the acquisition of Midas S.A., completed on April 27, 2016.

The acquisition was performed through the acquisition of Litenie Limited, the direct owner of 65.9975 percent of the share capital of Midas and a tender offer to purchase shares of Midas, announced by Polkomtel on February 29, 2016, when it became the indirect dominant company of the Midas Group. As a result of the tender offer, Polkomtel acquired 403,054,449 shares in Midas, representing 27.2395 percent of the total number of votes and share capital of Midas. Currently, Polkomtel holds 1,379,597,139 shares in Midas, representing 93.237 percent of the total number of votes and share capital of Midas.

“We are honored to work again for the Cyfrowy Polsat Group, supporting our Client in the next stage of development,” said Jarosław Grzesiak, the Managing Partner of Greenberg Traurig’s Warsaw office.

The Warsaw office team was led by Managing Partner Grzesiak and Local Partner Daniel Kaczorowski. They were supported by Partner Michał Fereniec, Local Partner Aleksander Janiszewski, Senior Associates Agata Jakubczak and Piotr Smolarczyk, and Associates Adam Puchalski, Paulina Kimla-Kaczorowska, Dawid Van Kędzierski, and Martyna Komorniczak.

Midas S.A. is a dynamic entity operating on the telecommunication market. The company is one of the world's pioneers in the implementation of high speed wireless LTE Internet.