Cyfrowy Polsat sells stake in Asseco Poland for over $173 million (updated)

Asseco Poland SA

31/01/2025 12:25

(Adds quote in paragraph 3, information on cooperation in
paragraph 4)
       GDANSK, Jan 31 (Reuters) - Polish media group Cyfrowy
Polsat  CPS.WA  has sold its 9.99% stake in software firm Asseco
Poland  ACPP.WA  to Yukon Niebieski Kapital for more than 705
million zlotys ($173 million), Polsat said on Friday.
    The stake sale is in line with the company's strategy to
focus on its core business areas, including media,
telecommunications and green energy production.
    "After a thorough analysis, the Management of Cyfrowy Polsat
came to the conclusion that further implementation of goals
related to modern technologies and the IT area does not require
direct capital involvement in Asseco Poland," it said in a
statement.
    The sale does not change the nature or quality of the
existing cooperation between the two companies, which will be
continued based on the current partnership, Polsat added.
($1 = 4.0697 zlotys)

 (Reporting by Marta Maciag; Editing by Milla Nissi)
 ((Marta.Maciag@thomsonreuters.com;))