Rymarz Zdort advises Play Group on acquisition of 83,55% stake in fibre-optic network operator SferaNet

We are pleased to announce that Rymarz Zdort Maruta has advised PLAY Group on the acquisition of shares in fibre-optic network operator SferaNet S.A., listed on NewConnect. The acquisition was made by a 100% subsidiary of P4 sp. z o.o., and the Play Group increased its stake in SferaNet from 2.97% to 86.52%.

For many years SferaNet has been building high-quality, reliable fibre-optic networks in the Podbeskidzie region. Its network comprises nearly 1,300 kilometres of fibre-optic cables and reaches dozens of towns and cities in the Bielsko, Cieszyn and Zywiec districts.

"This is another transaction in which we had the opportunity to support the Play Group in the implementation of its strategy to develop its mobile and fibre-optic network and provide customers with the highest quality services. We would like to thank the Play Group team (Joanna Ormińska, Barbara Tekieli, Jaroslaw Smola, Rafał Chrzan, Krystyna Sowa, Przemyslaw Walter, PMP) for their trust and congratulate all of the parties involved” - says dr Jakub Zagrajek, CFA, partner at Rymarz Zdort Maruta.

The transaction team was led by dr Jakub Zagrajek, partner in the corporate department. The transaction team also included dr Paweł Mazur (senior associate), Patrycja Gliwka (associate), Filip Golędzinowski (associate) and Tymoteusz Jan Matusiak (paralegal). The transactional team was assisted by the due diligence team headed by partner Monika Kierepa.