17th Oct 2022 10:19
(Alliance News) - Cordiant Digital Infrastructure Ltd on Monday said it continues to await the final clearance for its acquisition of Emitel SA, a Polish multi-asset digital infrastructure businessg.
Cordiant is an investment firm focused on digital infrastructure assets.
In January, Cordiant announced the acquisition of Emitel for GBP352 million in cash. Emitel operates over 500 mobile towers, the national broadcast network and five digital terrestrial networks.
In March, the deal received antitrust approval from the Polish Office of Competition & Consumer Protection.
Cordiant then received clearance from the Polish Minister of State Assets in June, and, at the time, the company said it expected the acquisition to be complete in the third quarter of 2022.
On Monday, Cordiant said it has been informed by the Polish minister of the Interior that the clearance process has been extended to November 21.
"The parties to the acquisition of Emitel continue to engage with the MoI as necessary in relation to the application," Cordiant added.
Shares in Cordiant were up 1.1% to 85.94 pence each in London on Monday morning.
By Sophie Rose; [email protected]
Copyright 2022 Alliance News Limited. All Rights Reserved.
Related Shares:
Cordiant Digit.