WSE suspends TVN shares trading

The Warsaw Stock Exchange (WSE) decided to suspend trading of Polish media group TVN shares due to the fact that its new owner, American Scripps Networks Interactive (SNI) wants to purchase the remaining 1.24-percent stake in Polish broadcaster TVN, offering PLN 20 per share. The suspension is coming into force today, on September 23. Last month, SNI raised its stake in TVN from 52.7 to 98.76 percent, allowing for a mandatory squeeze-out of the left-over shareholders. The new owner is going to delist the company from the Warsaw bourse by the end of the year.