Polish billionaire Jakubas buys 7.8 pct of Netia for $42 mln

Mennica Polska SA

28/03/2015 07:35

WARSAW, March 28 (Reuters) - Polish billionaire Zbigniew 
Jakubas has bought an additional 7.8 percent in the country's 
No.2 telecoms operator Netia  NET.WA  from a local fund 
management firm MCI Management  MCI.WA  for 158 million zlotys 
($42 million), MCI said late on Friday. 
    Jakubas, who controls his Netia stake via a fund and his 
minting company Mennica Polska  MNCP.WA , raised his share in 
the telecom to 33.7 percent. The businessman is Netia's largest 
shareholder. 
    MCI sold the stake at 5.86 zlotys per share, compared to a 
5.93 zloty Netia share price at the market close on Friday. MCI, 
which will have no Netia shares following the transaction, said 
it had booked a 19 percent return on its investment. 
    The deal will be finalised on April 9, with a possible 
postponement to April 15, MCI said. 
($1 = 3.7639 zlotys) 
 
 (Reporting by Adrian Krajewski, editing by David Evans) 
 ((adrian.krajewski@thomsonreuters.com; +48 22 653 97 09; 
Reuters Messaging: 
adrian.krajewski.thomsonreuters.com@reuters.net)) 
 
Keywords: POLAND NETIA/MCI MANAGEMENT