Polish shareholders accept TDC offer

13 Mar 2006

The Polish shareholders of Polkomtel have accepted an offer to buy 76% of TDC’s stake in the company. KGHM Polska Miedz, PKN Orlen, PSE and Weglokoks will acquire 14.8% of Polkomtel for EUR650.5 million, equivalent to EUR214.04 a share. The remainder of TDC’s stake has been offered to Vodafone, but the Britich cellco has rejected the offer price as being too high. Vodafone has obtained an injunction against the share transfer.

Poland, Plus (Polkomtel)