TSS agrees to buy additional stake in Poland's Asseco

Asseco Poland SA

05/02/2025 07:08

Feb 5 (Reuters) - Total Specific Solutions (TSS) has
signed a deal to buy a further 14.84% stake in Polish software
firm Asseco Poland  ACPP.WA , which would make it its biggest
shareholder, the latter said late on Tuesday.
    TSS, a Netherlands-based software group, bought a 9.99%
stake in Asseco from Cyfrowy Polsat at the end of January and
once the deal is completed it will own 20,618,892 shares, or a
24.84% stake in Asseco through its unit Yukon Niebieski Capital.
    The deal, subject to regulatory approvals, was done for 85
zlotys a share, the same price as the one with Cyfrowy Polsat.
    "The involvement of a significant European partner and
industry investor will accelerate growth and enable further
expansion of Asseco Group's business operations," Asseco said in
a statement.
    The Polish firm's CEO Adam Goral added that it will help it
compete for bigger market share "in a time of increasing
dominance by global software giants."
    Goral's foundation, which owns a 10.01% stake in Asseco has
signed a shareholder agreement with TSS, Asseco said.
    According to the agreement, TSS will not exceed a maximum
27.96% stake in Asseco's share capital.
    Asseco will stay a public company listed on the Warsaw
bourse, with Adam Goral remaining at its helm.  

($1 = 4.0478 zlotys)

 (Reporting by Anna Pruchnicka; Editing by Sonia Cheema)
 ((anna.pruchnicka@thomsonreuters.com; +48 58 769 65 14;))