Finance
Asseco shares hit 25-year high after Cyfrowy Polsat sells stake
Published by Global Banking & Finance Review®
Posted on January 31, 2025
1 min readLast updated: January 26, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 31, 2025
1 min readLast updated: January 26, 2026
Asseco Poland shares soared to a 25-year high after Cyfrowy Polsat sold its 9.99% stake, aligning with its strategic focus.
By Marta Maciag
GDANSK (Reuters) -Polish media group Cyfrowy Polsat sold its 9.99% stake in Asseco Poland in a 705 million zloty ($173.5 million) deal on Friday, sending shares in the Polish software company to their highest in 25 years.
Asseco Poland shares had jumped more than 11% to 119.2 zlotys by 1516 GMT, outperforming Poland's mid-cap index MWIG 40.
Cyfrowy Polsat said the stake sale to Yukon Niebieski Kapital is in line with the company's strategy to focus on its core business areas, including media, telecommunications and green energy production.
"After a thorough analysis, the management of Cyfrowy Polsat came to the conclusion that further implementation of goals related to modern technologies and the IT area does not require direct capital involvement in Asseco Poland," it said in a statement.
The sale does not change the nature or quality of the existing cooperation between the two companies, which will be continued based on their current partnership, Polsat added.
($1 = 4.0638 zlotys)
(Reporting by Marta Maciag; Editing by Milla Nissi and Jan Harvey)
Cyfrowy Polsat sold its 9.99% stake in Asseco Poland.
The stake sale was worth 705 million zloty, equivalent to $173.5 million.
Asseco Poland shares jumped more than 11% to 119.2 zlotys after the announcement.
Cyfrowy Polsat aims to focus on its core business areas, including media, telecommunications, and green energy production.
The sale does not change the nature or quality of the existing cooperation between the two companies.
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