Agora buys shares in AMS, looks towards Outdoor Group

On Friday a national media group Agora, the publisher of Gazeta Wyborcza, bought an 11.89% stake in the AMS outdoor advertising agency. The shares were sold by the shareholders grouped around BB Investment. According to an agreement signed between Agora and AMS in June, Agora has now three days to buy an additional 200,000 preferential shares. A member of Agora's management board Zbigniew Bak said that his company would make another offer to purchase the rest of the shares by the beginning of September. It also believed that Agora is seeking to invest in the advertising company Outdoor Group. This is highly probable as Agora would like to consolidate the outdoor advertising market under its wing. (Parkiet, p. 3; Puls Biznesu, pp. 1, 7) A.D.