ITI Neovision, the operator of Poland’s Platforma Canal+, plans to enter the Warsaw Stock Exchange.
According to Presserwis, a financial report submitted to the National Court Register revealed that on May 28 an extraordinary meeting of shareholders adopted a resolution regarding the dematerialisation of shares and application to begin trading shares on the exchange.
It also said that an IPO process had started but at the same time reaffirmed Canal+ Group’s intention to remain the main shareholder irrespective of the process.
Canal+ currently holds a 51% stake in ITI Neovision, with TVN and LGI Global Ventures Holding accounting for 32% and 17% respectively.
It has previously been reported that Liberty Global may wish to sell its shares in ITI Neovision.
The extraordinary meeting of shareholders also adopted a resolution to change the company’s name from ITI Neovision to Canal+ Polska.
