Warsaw, 31 March 2017 - Wolf Theiss has advised PGE Polska Grupa Energetyczna S.A. (PGE S.A.), a state-owned power company listed on the Warsaw Stock Exchange and one of the largest power producers in Poland, on the sale of 100% of the shares of Exatel S.A. to the Polish State Treasury.

Exatel provides high quality telecom services to many large enterprises and government bodies in Poland and will continue to do so post-closing.

The transaction value was approximately EUR 87 million.

"Wolf Theiss successfully fashioned the unique transaction structure and brought together the various governmental elements required for the desired result," noted Dariusz Harbaty who headed the Wolf Theiss team that assisted PGE S.A.

Ron Given, Co-Managing Partner of Wolf Theiss Warsaw, added: "I know that the advice and total dedication of Dariusz and his entire Wolf Theiss team were key factors in the finalization of this landmark Polish transaction. We are delighted that PGE turned to us for this challenging deal and believe it confirms our leading M&A role in the Warsaw market."

In addition to Dariusz Harbaty, the Wolf Theiss PGE team included Joanna Wajdzik, Magdalena Nowak, Anna Nowodworska, and Monika Gaczkowska.