Mennica Polska buying up Netia shares

Coin and numismatics firm Mennica Polska, a company from the capital group of well-known businessman Zbigniew Jakubas, is buying up shares in telecom group Netia, Mennica’s CEO Grzegorz Zambrzycki told Parkiet. Mennica Polska has been buying the shares at PLN 5.49-5.50 apiece, which is more than the price offered by cable TV operator Vectra in the first days of its tender for Netia, PLN 5.41 per share. The company believes it is a better partner for funds wishing to sell their stakes in the telecom. “We have the resources to continue buying up Netia and we are successively purchasing its shares on the stock exchange,” Zambrzycki said.