Telekomunikacja Polska signed a preliminary share purchase agreement for the sale of Ditel S.A.

by: admin Monday, December 17th, 2007

Rating: local search Poland

Yesterday, Telekomunikacja Polska signed an agreement with European Directories Group for the sale of 100% of Ditel S.A. shares. The company belongs to TP Group and is a publisher of White and Yellow Pages in Poland.

The sale of Ditel shares is a new step in the execution of the TP Group strategy for the years 2008-2010, announced in July 2007, in the area of optimizing the TP Group’s scope of operations. Value of the potential transaction, on an Enterprise Value basis, is EUR 20 million.