Poalim's zl.36.25 million earmarked for supporting 4Media's development

Leading media company 4Media has announced that it is to receive a financial boost from Israel's Poalim Trust Services. By investing zl.36.25 million in Poland's Media Trust, Poalim will gain indirect control of a 12.5% stake in 4Media. Media Trust is the owner of MediaInvest, which controls 49.42% of vo ting rights in 4Media. "The funds acquired from this transaction will be use d for the development of the media part of the group," commented 4Media spok esperson Monika Sarnecka. Poalim Trust Services is 99.99% owned by Hapoalim Bank, Israel's largest financial institution. (Parkiet, p. 5; Puls Biznesu, p. 6; Zycie, p. 8; Gazeta Wyborcza, p. 21) A.K.