Cyfrowy Polsat extends tender Netia shares

WSE-listed media group Cyfrowy Polsat extended its tender offer for shares of listed telecom Netia to April 9, as the antitrust watchdog UOKiK sent the case has been entered into the second phase of the proceedings, reserved for more complicated cases. Subscriptions originally were to have ended March 5. Back in December, after signing a deal to acquire 32 percent stake in Netia from its two main shareholders, Cyfrowy Polsat launched a tender offer for 119.35 million Netia shares, representing 34.24 percent stake at PLN 5.77 apiece.