Innova Capital to sell stake in Wirtualna Polska?
14:02
Private equity fund Innova Capital is allegedly looking for a buyer for its stake in Wirtualna Polska Holding (WPH), Parkiet and Rzeczpsopolita dailies reported citing three independent anonymous sources.
According to the sources, an offer was made to Swedish media group Bonnier, which owns Polish Puls Biznesu daily. Bonnier did not want to comment on the news and Innova Capital denied it, saying that it has no intention of selling the stake to anyone.
The stake's estimated value amounts to PLN 423 million, the dailies reported.
WP held IPO in July, through which the the group obtained PLN 100 million from the new share issue, which will be mainly committed to acquiring some "online marketplaces" and paying off its liabilities.