Edition:
India

Wirtualna Polska Holding Increases Stake In Domodi To 86 Pct


Thursday, 15 Mar 2018 

March 16 (Reuters) - WIRTUALNA POLSKA HOLDING (WPH) ::SAID ON THURSDAY THAT ALONG WITH ITS UNIT, WIRTUALNA POLSKA MEDIA (WPM), IT SIGNED AN ANNEX TO AGREEMENT WITH PARTNERS OF DOMODI SP. Z O.O. AND AGREEMENT TO ACQUIRE SHARES.AS PART OF THE AGREEMENT, IT ACQUIRES 918 SHARES REPRESENTING 35 PCT IN DOMODI SHARE CAPITAL FOR 85.5 MILLION ZLOTYS.BEFORE THE TRANSACTION, WPM OWNED 51 PERCENT IN DOMODI, WPH AND ITS UNITS OWN 86 PERCENT IN DOMODI FOLLOWING THE TRANSACTION .IT WILL PAY FOR THE SHARES WITH A LOAN FROM WPM ABOUT WHICH CO INFORMED IN DEC. 2017 nFWN1OC0TG.THE COMPANY ALSO HAS A RIGHT TO ACQUIRE THE REMAINING 14 PCT STAKE OVER THE NEXT 10 YEARS, WITH THE FIRST POSSIBILITY TO EXERCISE THE OPTION AFTER THE END OF 2018.PRELIMINARY DISCOUNTED VALUE OF THE OPTION FOR THE REMAINING STAKE IN DOMODI IS ABOUT 36 MILLION ZLOTYS. 

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