“The so -called letter to the managers of Cyfrowy Polsat signed by Mr. Zygmunt Solorz does not change anything in the current legal situation and has no significance for facts,” said Daniel Kaczorowski, chairman of the Supervisory Board of Cyfrowy Polsat, in a commentary sent to the media on Tuesday afternoon.
In his opinion, this is probably another element of the “media tapeworm show created by the patron Radosław Kwaśnicki, the representative of Zygmunt Solorz. This way of conducting discussions and dispute using the media seems to be the basic strategy of the representative of the representative of Zygmunt Solorz.”
The head of the supervision talks about “protecting the group's assets”
“I prefer to be based on facts. Yesterday Cyfrowy Polsat announced a letter from the TIVI Foundation, in which it is clearly, directly and clearly confirmed that the TIVI Foundation does not have a dominant entity. And the dominant entity for Cyfrowy Polsat is the TIVI Foundation. In addition, the information I have shows that none of the companies of the Polsat Plus group received security from the court in Cyprus, “Kaczorowski said in the commentary.
“We continue our work, assuming as the basic task to protect the group's assets. This is a common goal – people managing and supervising the group's assets. This is a key task and goal for us, especially in the context of information about 11 new companies of Zygmunt Solorz, in which Mr. Radosław Kwaśnicki is the president,” reads the head of the supervisory board of Cyfrowy Polsat.
The spokeswoman for the group added that Cyfrowy Polsat did not receive any security from the Court in Cyprus and that it is not and was not a party or participant in such proceedings.
On Monday, information appeared that on August 14, the Cypriot court, at the request of Zygmunt Solorz, temporarily banned Tivi Foundation (controlling the Cyfrowy Polsat group) and the Cypriot company Reddev Investments (controlled by the Tivi Foundation) “to implement, implement and initiate changes in the bodies and structure of subsidiaries”.
According to Radosław Kwaśnicki, a lawyer representing the interests of Zygmunt Solorz, the decision of the Cypriot court is beneficial to the founder of Polsat and “this is another step to restoring a lawful state.”
As “Puls Biznesu” reported, citing unofficial information, Zygmunt Solorz was to personally inform the management of Cyfrowy Polsat about the issue of security. “In a letter to the board, he wrote that he was received disturbing information that expectations regarding taking action to make subsequent changes, including a personal nature, in the structures of the Cyfrowy Polsat group, are formulated,” PB “said.
Let us remind you that in the second half of July Solorz became Tivi's decision dismissed from the position of the head of the Supervisory Board of Cyfrowy Polsat.
The company's quotations have recently been falling
On Tuesday at noon, Cyfrowy Polsat's shares expensive on the WSE by almost 2 percent, up to a maximum of PLN 15.2 (with an increase in mWIG40, which includes less than 0.8 percent). A few days earlier, the course sank into around PLN 14.5, the lowest level from the beginning of March.
See also: From the Wartburgs to Polish “succession”. This is how Zygmunt Solorz built his empire
The current capitalization of the entire group is over PLN 9.6 billion, of which 48.2 percent. The package belonging to Zygmunt Solorz with related entities is worth PLN 4.63 billion (these qualities, thanks to privilege, give 59.5 percent of votes). The billionaire does not have these shares directly, but through the Cypriot company Reddev Investments belonging to the Tivi Foundation. In turn, the Tivi Foundation is registered in Liechtenstein and formally a legal battle between children and the billionaire is formally undergoing this company.
The dispute between Zygmunt Solorz and his children concerned succession in the billionaire's business empire and was revealed in September 2024. “Gazeta Wyborcza” said that the three children of Zygmunt Solorz sent a warning to managers of four most important businessman companies. They believe that the good of these companies is threatened by people who want to take control of business. It comes, among others About Polsat and strategic companies for the state. The newspaper reported that The children of Zygmunt Solorz are in a sharp dispute with Justyna Kulka, wife of Solorz.
