Canal+ takes over a majority stake in the main shareholder of Kino Polska TV

SPI International, the owner of Kino Polska TV, has signed a conditional agreement to sell 70 percent of shares representing 65.15 percent of the share capital and voting shares to Canal+ Luxembourg, the company said. The transaction should be closed by December 31, 2021.

"Due to the fact that as a result of the transaction the buyer will indirectly acquire over 33 percent of the total number of votes in the issuer, the closing will result in SPI International and the buyer being obligated to…