100% of the shares in Virgin Mobile Polska have been sold to P4

Rymarz Zdort advised the sellers on the transaction of the sale of 100% of the shares in Virgin Mobile Polska sp. z o.o. to P4 sp. z o.o., the operator of the Play mobile telecommunications network.

A preliminary agreement was entered into on 22 April 2020, but the finalisation of the transaction was subject to antimonopoly clearance. The closure took place on 6 August. The value of the transaction (the company’s enterprise value) was set at EUR 13.4 million. Following the acquisition, Virgin Mobile Polska will continue to operate under its current name.

“It was a complex transaction that required an all-embracing approach. We are proud that we could support the sellers of Virgin Mobile with our experience on a transaction that was executed in such a complicated market environment.” said Dr Jakub Zagrajek, a partner in the Corporate Department.

The firm’s transaction team was headed by Dr Zagrajek, and comprised Jerzy Bombczynski (counsel) and Aleksandra Kabac (senior associate).

Tax advice in connection with the transaction was provided by Robert Krasnodebski (partner), Marek Kanczew (counsel), Marek Sikorski (senior associate) and Michal Chyla (associate).

On the antimonopoly aspects of the transaction advised Iwona Her, partner  and Irmina Wątły (counsel).