Mon, Jul
54 New Articles

Greenberg Traurig and Noerr Advise on Polsat Group's Acquisition of Interia Group from Bauer Media Group

Greenberg Traurig and Noerr Advise on Polsat Group's Acquisition of Interia Group from Bauer Media Group

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Greenberg Traurig has advised the Polsat Group on its acquisition of Interia Group from Bauer Media Group. Noerr advised the sellers on the deal, which remains subject to regulatory approval.

Grupa Polsat, which includes the Cyfrowy Polsat, Polkomtel, Telewizja Polsat, Netia, and IPLA brands, is the largest media and telecommunication group in Poland. The group provides its 5.7 million customers with access to 16.9 million services: mobile phone services, pay digital TV, and the Internet. 

Greenberg Traurig describes the Interia Group as a new generation media company, reaching “nearly 60% of Internet users in Poland.” 

The transaction was valued at PLN 422 million, although Greenberg Traurig reports that the final price “will be subject to an adjustment mechanism and interest set out in the preliminary agreement." 

According to Greenberg Traurig, “as part of the deal, Telewizja Polsat sp. z o.o. entered into a preliminary agreement with Bauer Media Invest GmbH and Bauer Polen Invest GmbH for the acquisition of 100% of the shares in Grupa Interia.pl sp. z o.o. and all the rights and obligations of the limited partner in Grupa Interia.pl Media sp. z o.o. sp. k. Other parties to the preliminary agreement are Cyfrowy Polsat S.A, as a guarantor for obligations of Telewizja Polsat under the preliminary agreement and Heinrich Bauer Verlag Beteiligungs GmbH, as a guarantor for sellers’ obligations under the preliminary agreement.”

Greenberg Traurig’s team included Managing Partner Jaroslaw Grzesiak, Partners Daniel Kaczorowski and Michal Fereniec, Local Partner Michal Bobrzynski, Senior Associates Agnieszka Stopinska, Marek Kleczek, Paulina Kimla-Kaczorowska, Magdalena Bachleda-Ksiedzularz, and Magdalena Medynska, and Associate Natalia Wolkowycka.

Noerr's team included Partner Volker Land, Associated Partner Jakub Lerner, Senior Associates Mateusz Slodczyk and Anna Mirek, Associates Joanna Kuc and Joanna Szacinska, and Legal Advisor Aleksandra Drozdz.

Noerr at a Glance

Noerr stands for excellence and entrepreneurial thinking. With well-versed teams of strong characters, Noerr devises and implements solutions for the most complex and sophisticated legal matters. United by a set of shared values, the firm’s 500+ professionals are driven by one goal: the client’s success.

Listed groups and multinational companies, large and medium-sized family businesses as well as financial institutions and international investors all rely on the firm.

As one of the top European law firms, Noerr is also well established internationally with offices in eleven countries and a global network of top-ranked “best friends” law firms. In addition, Noerr is the exclusive member firm in Germany for Lex Mundi, the world’s leading network of independent law firms with in-depth experience in 100+ countries worldwide.

Firm's website.