Solorz family reaches settlement ending fight over Polish media empire
Solorz family reaches settlement ending fight over Polish media empire Sept 10 (Reuters) - The family of Polish billionaire Zygmunt Solorz has reached a settlement ending all legal disputes over control of his business empire, Cyfrowy Polsat CPS.WA said on Thursday, citing a letter from controlling shareholder TiVi Foundation.
The family said the settlement sets out rules for managing its wealth in future, including that of Polsat Plus Group, headed by Cyfrowy Polsat, and power producer ZE PAK ZEEP.WA. It did not disclose the terms, which it said were confidential.
• Solorz to step back from active involvement in companies held by the TiVi and Solkomtel foundations and serve in an advisory role.
• The settlement follows a Liechtenstein Constitutional Court ruling upholding a lower court decision that Solorz had validly handed joint control of TiVi Foundation to his children.
• The conflict became public in late 2024 after Solorz's children sent a letter to management of his companies expressing concern about his health.
• Solorz's son Piotr Żak remains chief executive of Cyfrowy Polsat and ZE PAK, while siblings Tobias Solorz and Aleksandra Żak serve on supervisory boards.
(Reporting by Rafal Nowak in Gdansk; Editing by Matt Scuffham)
((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))
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