WP war at an end as shareholders draw-up agreement

The parties that put their signatures to the agreement are TP, TP Internet, Virgo (the latter two are subsidiaries of TP), Grabski Inwestycje Finansowe (GIF), Key7 Investments, Maciej Grabski and Jacek Kawalec. The settlement envisages that Virgo purchases a stake of 19.54% in WP from GIF and Key7 for a sum of zł.165 million. Additionally, Virgo is to invest another zł.55 million the moment TP regains control over the portal. This settlement seems to end the ongoing conflict that has dragged on for several years between TP and the minority shareholders. According to TP representatives, the transaction will not influence the group's financial results. It has also been revealed that TP has already granted Virgo three loans for a sum that will cover the transaction. (Parkiet, p. 6) A.K.