Finance
TSS agrees to buy additional stake in Poland's Asseco
Published by Global Banking & Finance Review®
Posted on February 5, 2025
2 min readLast updated: January 26, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 5, 2025
2 min readLast updated: January 26, 2026
TSS has agreed to purchase an additional 14.84% stake in Asseco Poland, making it the largest shareholder. This move aims to enhance Asseco's growth and competitiveness.
(Reuters) - Total Specific Solutions (TSS) has signed a deal to buy a further 14.84% stake in Polish software firm Asseco Poland, which would make it its biggest shareholder, the latter said late on Tuesday.
TSS, a Netherlands-based software group, bought a 9.99% stake in Asseco from Cyfrowy Polsat at the end of January and once the deal is completed it will own 20,618,892 shares, or a 24.84% stake in Asseco through its unit Yukon Niebieski Capital.
The deal, subject to regulatory approvals, was done for 85 zlotys a share, the same price as the one with Cyfrowy Polsat.
"The involvement of a significant European partner and industry investor will accelerate growth and enable further expansion of Asseco Group's business operations," Asseco said in a statement.
The Polish firm's CEO Adam Goral added that it will help it compete for bigger market share "in a time of increasing dominance by global software giants."
Goral's foundation, which owns a 10.01% stake in Asseco has signed a shareholder agreement with TSS, Asseco said.
According to the agreement, TSS will not exceed a maximum 27.96% stake in Asseco's share capital.
Asseco will stay a public company listed on the Warsaw bourse, with Adam Goral remaining at its helm.
($1 = 4.0478 zlotys)
(Reporting by Anna Pruchnicka; Editing by Sonia Cheema)
The article discusses TSS's acquisition of an additional stake in Asseco Poland, making it the largest shareholder.
This acquisition allows TSS to become the largest shareholder, potentially accelerating Asseco's growth and market competitiveness.
The deal involves purchasing shares at 85 zlotys each, subject to regulatory approval, and TSS's stake will not exceed 27.96%.
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