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Multimedia Polska completes share buy-back

Multimedia Polska plans buy back 17.9 million shares, putting the buy-back total to its target of 30.6 million shares or 20% stake ahead of time.

“We consider buying back 20% of our own shares in three months as a big success,” CEO Andrzej Rogowski said. “Reaching the goal before the set time certainly confirms that the offered terms were attractive to investors.”

The Polish cable operator will pay PLN173.5m (€43m) on the 11.68% stake in a transaction set for August 9.