Playway increases stake in Frozen District

Computer and mobile phone game producer Playway has increased its share capital in Frozen District, press reports stated on Monday. Playway now has an 81-percent stake in the company and paid just under PLN 0.3 million in cash for the increased shares. “The company made a declaration to, first of all, increase its access to Frozen District and, secondly, to acquire increased share capital of Frozen District in return for a cash contribution in the amount of PLN 299,700,” the statement read. Frozen District is a start-up, based in Poznań, that has created the popular games Glorious Companions and Warlocks and Shadow; it specializes in retro games, but also produces hardcore RPGs. Gamers anticipate the upcoming release of its “Warlocks 2” sequel. Playway produces games for both Windows and Mac Operating Systems, across a variety of themes – including car mechanic and farm simulators. It controls a number of subsidiaries that produce games. Both entities are listed on the main market of the Warsaw Stock Exchange.