Cyfrowy Polsat shares slump amid fears over ownership

Cyfrowy Polsat SA

10/12/2024 09:21

** Poland's telecom Cyfrowy Polsat  CPS.WA  shares scratch
the bottom of the country's blue-chip index WIG20  .WIG20 ,
slumping more than 8% amid concerns over the company's ownership
    ** Wood&Company analyst Piotr Raciborski points to news
about a court decision regarding the CEO's foundation
    ** "(...) according to the news, the court has frozen CEO
Zygmunt Solorz's ability to appoint managers of the TiVi and
Solkomtel foundations, which hold the majority stake in the
company", Raciborski says
   ** For investors, he says, it boils down to who will control
Cyfrowy Polsat's largest shareholder
    ** Shares on track for its worst day since Nov 2023, when
they closed 9.2% lower

 (Reporting by Anna Banacka)
 ((Anna.banacka@tr.com; +48 58 769 65 65))