ITI Holdings about to strengthen its hold over TVN and Onet

"We are preparing final agreements concerning the method of purchasing the shares remaining with the bank. We hope to complete the deal by the end of Q2," stated Wojciech Kostrzewa, the president and the general director of ITI Group. ITI may pay around $50 million for the 9% stake. ITI wants to retain control over TVN, which means that it will not sell the blocked shares which will be released on June 7. "ITI intends to remain a long-term, majority shareholder of TVN. I do not think anything will change after June 7 with respect to the floatation of new shares of the company on the bourse," added Kostrzewa. ITI wants to increase its presence in the IT sector, which means that the Onet Internet portal will be developed, although the company has not yet decided whether it will happen through organic growth or through acquisitions. (Puls Biznesu, pp. 1, 8) E.B.