Netia to be among Magna Polonia's acquisition targets?
Shareholders decided that the firm will receive at least zł.276 million in cash, to be used for acquisitions. "The cash share issue will be directed at a financial investor. Negotiations are under way, but it is too early to reveal details," said Krzysztof Urbański, president of NFI Magna Polonia.
He did not provide names of the potential acquisition targets, but one possible scenario is the purchase of several smaller entities.
According to Puls Biznesu, the fund might be interested in purchasing an over 31 percent stake in Netia which is held by Iceland fund Novator. "The purchase of Netia at the current price would be a good move. The buyer could hope that the value of the stake will increase in the long run, as Netia's results improve," said Paweł Puchalski, analyst with DM BZ WBK.
Source: Puls Biznesu (M.M.)
He did not provide names of the potential acquisition targets, but one possible scenario is the purchase of several smaller entities.
According to Puls Biznesu, the fund might be interested in purchasing an over 31 percent stake in Netia which is held by Iceland fund Novator. "The purchase of Netia at the current price would be a good move. The buyer could hope that the value of the stake will increase in the long run, as Netia's results improve," said Paweł Puchalski, analyst with DM BZ WBK.
Source: Puls Biznesu (M.M.)
