ITI still struggling to raise capital to buy TVN stake

Within a month the financial plans of media concern ITI Holding will be revealed, as the company needs $130-150 million to buy a 30% stake in television broadcaster TVN from SBS. According to an agreement, the deadline for acquiring these shares expires on December 31. It is known that ITI was looking for a partner to back the transaction, and according to Puls Biznesu, Jan Wejchert and Mariusz Walter are willing to sell some of their shares in ITI. The company's plans of entering the bourse might be accelerated due to the scheduled introduction of the capital gains tax and, "I do not hide that this factor might finally influence our decision on this issue," added Paweł Kosmala, president of Grupa Onet, which is part of ITI. Recently the concern managed to improve its financial results after ridding itself of some of its non-essential subsidiaries. (Puls Biznesu, pp. 1, 4) M.M.