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Greenberg Traurig advises Cyfrowy Polsat Group on the acquisition of shares in Netia S.A.

WARSAW – Dec. 5, 2017 – Greenberg Traurig, LLP is representing Cyfrowy Polsat Group in the acquisition of a block of approximately 32% of shares in Netia from two major shareholders, with the total purchase price amounting to PLN 638.8 million, and in connection with the announcement of a tender offer in order to achieve 66% of the total number of votes at the General Meeting of Netia.

Greenberg Traurig provided comprehensive legal advice with respect to the transaction, including development of the transaction structure, drafting contracts with the major shareholders, legal advice in the area of regulatory matters, which also involved the preparation of an application to the Office of Competition and Consumer Protection (UOKiK), as well as legal advice on the tender offer.

“We are proud that we can again represent Cyfrowy Polsat Group in another of its strategic investments, which is a milestone in our Client’s development,” said Jarosław Grzesiak, Managing Partner of the Greenberg Traurig Warsaw Office.

The transaction was led by Managing Partner Jarosław Grzesiak and Local Partner Daniel Kaczorowski, who were supported by Local Partner Karolina Dunin-Wilczyńska and a team of Associates: Paulina Kimla-Kaczorowska, Anna Chrabota-Bajson and Grzegorz Socha.

Cyfrowy Polsat Group has been implementing a multiplay operator strategy for several years, expanding its portfolio of services provided and offering, together with the Plus mobile network, the SmartDOM program. Currently, the Group offers its flagship services of pay-TV, mobile telephony and LTE Internet, and in addition services connected with electricity, gas, home monitoring, banking and insurance as well as telecommunications equipment, consumer electronics and household appliances. Cyfrowy Polsat S.A. is listed on the Warsaw Stock Exchange.

Netia S.A. is a telecommunications operator, as well as a television, fixed-line and mobile telephony and Internet provider (MVNO). It is a public company listed on the Warsaw Stock Exchange.

Greenberg Traurig LLP

Greenberg Traurig, LLP is an international, multi-practice law firm with approximately 2000 attorneys serving clients from 38 offices in the United States, Latin America, Europe, Asia, and the Middle East.

Greenberg Traurig Grzesiak sp.k. was named the 2017 Law Firm of the Year in Poland and the 2016 Law Firm of the Year in Poland - Client Service Award by Chambers and Partners. The Warsaw office of Greenberg Traurig, LLP provides legal services to clients in Central Europe and beyond and consists of 100 lawyers. Team members are regularly recognized as leaders in numerous practice areas. Chambers Global, Chambers Europe, IFLR1000 and EMEA Legal 500 consistently rank them among the top tiers the areas of Corporate/M&A, Capital Markets, Real Estate, Private Equity, Tax, Banking and Finance, Project Finance, Energy, Dispute Resolution and TMT.

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