GDANSK (Reuters) -Polish media group Cyfrowy Polsat has sold its 9.99% stake in software firm Asseco Poland to Yukon Niebieski Kapital for more than 705 million zlotys ($173 million), Polsat said on Friday.
The stake sale 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 the current partnership, Polsat added.
($1 = 4.0697 zlotys)
(Reporting by Marta Maciag; Editing by Milla Nissi)
