SPI subsidiary Kino Polska TV, owner of television networks Kino Polska, Filmbox, Kino TV and Zoom TV has acquired from Agora 41 per cent shares of Stopklatka SA (the company broadcasting Poland’s top terrestrial movie channel). As a result, Kino Polska TV SA now owns 82.6 per cent shares becoming Stopklatka’s majority stakeholder, which significantly strengthens KPTV’s position among the largest media groups in the country.
The deal followed a letter of intent and was signed earlier in March announcing the potential acquisition by Kino Polska TV SA of the entire Agora’s stake in Stopklatka.
“I am glad we have successfully completed this transaction. For us this is an important step in the implementation of the KP Group’s strategy, which is to become one of the five biggest media groups in Poland. Taking over Stopklatka will result in a significant increase in the group’s consolidated revenues and will present a number of benefits in such aspects as cost synergy, as well as in other areas including future negotiations with content suppliers,” commented Boguslaw Kisielewski, Kino Polska TV SA Chairman of the Board.