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 Jaroslaw Grzesiak, Managing Partner of the Greenberg Traurig Warsaw Office.

The transaction was led by Managing Partner Jaroslaw Grzesiak and Local Partner Daniel Kaczorowski, who were supported by Local Partner Karolina Dunin-Wilczynska 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.