Rymarz Zdort Maruta advises Pluralis B.V. fund in a major merger of media markets in Poland

With our support, Dutch fund Pluralis B.V. (“Pluralis”) has entered into an investment agreement with Polskie Towarzystwo Wspierania Przedsiębiorczości S.A. (“PTWP”).

The agreement covers the transfer of approximately 56% of the shares in Gremi Media (publisher of Rzeczpospolita and Parkiet) from Pluralis to PTWP, as well as the terms and conditions of Pluralis’ investment in PTWP and, indirectly, Gremi Media.  Following the transaction, Pluralis will hold a 23% stake in PTWP, becoming a minority shareholder. 

The contribution of the shares in Gremi Media to PTWP is planned for 18 December, following the adoption of resolutions by the general meeting of PTWP. 

Prior to concluding the investment agreement with PTWP, Pluralis B.V. repurchased shares in Gremi Media S.A. from the Hungarian group Central International Kft. representing 13.43% of the share capital. As a result, the combined share of the share capital of Gremi Media S.A. held by Pluralis B.V. reached 56.82%. Rymarz Zdort Maruta also advised on this transaction.

Pluralis B.V. is a Dutch investment company based in Amsterdam that focuses on investments in media companies. Its shareholders and investors include renowned European media companies, foundations and investors such as the King Baudouin Foundation, the Oak Foundation and the Media Development Investment Fund.

PTWP Group is a Polish media group and event organiser. It specialises in creating integrated communications solutions, including developing and publishing specialised business portals, facility management, and organising congresses, conferences and other events.

Gremi Media S.A. is one of Poland’s leading media groups, focusing on economic and business information, and offering a digital portfolio of services for professionals and senior management.

“We are grateful for the trust placed in us and the opportunity to support our client in this landmark transaction. The partnership between the Dutch fund and the Polish media and event group is more than just a merger of two entities — it marks a new chapter in the media market and will set new industry standards. It is an honour to be able to participate in such a strategic undertaking,” says Dr Łukasz Gasiński, partner, co-head of the Financial Regulatory practice. 

The transaction team included: Dr Łukasz Gasiński (partner), Adam Puchalski (partner) and Diana Sofu (counsel). Aleksandra Modzelewska (senior associate) provided support in relation to intellectual property law matters. Iwona Her (partner) and Tomasz Kordala (counsel) supported the team on antitrust matters.