The share price for the upcoming IPO to be held by Polish DTH platform Cyfrowy Polsat has been set at PLN12.5 (€3.7).
As a result, the sale could raise the company up to PLN839 million. Following the sale, Cyfrowy Polsat, which is the DTH market leader with almost 2.2 million subscribers, will still be owned by Polaris Finance, which will hold a 68.2% stake and a 78.5% voting share.
Polaris Finance is itself majority (85%) owned by Zygmunt Solorz-Zak, with Heronim Ruta holding the remaining stake.
