UOKiK greenlights Inea takeover

Antitrust watchdog UOKiK approved the takeover of cable company Inea by the Macquarie European Infrastructure Fund 5 (MEIF 5). “We are very happy with the quick decision and we hope that the entire transaction will be completed within a month. I believe that our partnership with MIRA [which controls MEIF] will be as consistent and effective as the previous cooperation with Warburg Pincus and will allow the company to double its results,” the founder and CEO of the company Janusz Kosiński said. He will stay in his position after the takeover. The company also added that it plans several investments in the near future and plans to expand its operations beyond Wielkopolskie voivodship. Back in December MIRA announced that it has acquired a majority stake in cable operator Inea. The size of the stake and the price was not revealed, but the fund will acquire shares from equity fund Warburg Pincus, Inea’s owner Janusz Kosiński, and other minority shareholders. Inea operates in Wielkopolska voivodship and covers 40 percent of households in the region and has some 250k subscribers.