Elektrim enters portal Poland.com investing $16.3 million

Conglomerate Elektrim S.A. has acquired a 55% stake in one of the minor Polish portals Poland.com. The value of the transaction is estimated at $16.3 million. Elektrim will pay $9.8 million of the total in cash, the remaining $6.5 million will be paid in the form of services. The head of Elektrim, Thomas Kolaja has held acquisition talks with all portal candidates such as Onet, Wirtualna Polska, Interia and Ahoj. Poland.com was chosen because it was a bargain compared to the other portals. "Poland.com has the best specialists, and many other advantages which will help us develop services for retail customers," said Kolaja. The share capital of Poland.com is estimated at $1.5 million. "It is the biggest investment in an IT company in Poland," said MCI Management president Tomasz Czechowicz co-owner of Poland.com. (Puls Biznesu, page 3)