Polsat finally finds suitable investor

German media giant Axel Springer, the publisher of Newsweek and Dziennik on the domestic market, will soon be the new owner of a 25.1% stake in Polsat. The value of the transaction stands at EUR 250 million, a sum which could jump by another EUR 50 million by the end of 2008 when the company carries out its IPO. The finalization of the agreement does depend, however, on a green light from the Competition and Consumer Protection Office. Despite receiving several offers for the stake, Solorz-Zak said he decided to go with Axel Springer because "I always said I will not give up control over the company.Axel Springer understood that and agreed to my conditions." (Puls Biznesu, p. 1,4) A.K.