Telia strategic interest in Netia Holdings confirmed at 48.22% of share capital
WARSAW, Poland - July 7, 2000 - Netia Holdings SA (Nasdaq: NTIA), Poland's largest alternative fixed-line telecommunications services provider, announced that on July 4, Telia AB and a Telia affiliate completed their purchase of shares of Netia Holdings held by four other principal shareholders, a transaction originally announced on May 5.
For an agreed price of $35 per share, Telia AB and Telia Holding Polen AB have acquired 4,900,000 Netia shares from Shamrock Holdings, Inc., Trefoil Capital Investors, Inc., Dankner Investments Limited, GS Capital Partners, L.P., Stone Street Fund 1994 and L.P., Bridge Street Fund 1994, L.P. The purchase represents approximately 80% of the Netia share interests held by these four entities.
Following this transaction, Telia, the Swedish national telecommunications operator and Netia's strategic partner, holds 48.22% of Netia Holdings' share capital (including 200,000 ADRs) through two corporate entities.