Page 27 - bne IntelliNews newspaper 14 July 2017

Weekly Lists
July 14, 2017 www.intellinews.com I Page 27
bne:TMT
Play sets IPO price at
PLN36 a share
Play Communications, owner of second biggest Polish mobile operator P4, has set the price of its upcoming initial public offering (IPO) at PLN36 (€8.5) per share, putting the value of the offering at PLN4.4bn. The price is somewhat below the maximum of PLN44 per share set earlier this month. But at PLN4.4bn, the IPO is still one of the biggest in the history of the Warsaw Stock Exchange and the largest since 2011.
Play’s owners – billionaires Icelander Thor Bjorgolfsson and Greek Panos Germanos – are offering up to 48.6% in the company, or nearly 121.6mn shares. A vast majority of the offer – 95% - targets institutional investors. The provisional date of Play’s WSE debut has been set for July 27.
Moscow-based cybersecurity major Kaspersky Lab was on July 11 removed from two lists of approved vendors that can be used by US government agencies. The blacklisting follows months of suspicions that Kaspersky Lab could be connected to Russian intelligence agencies accused of hostile cyberactivity against the US, which the Lab has denied.
In January, managers at Kaspersky Lab along with cybersecurity officers in Russia's Federal Security Bureau (FSB) were arrested for alleged treason. While the treason cases are being heard
by a closed tribunal, the press speculated that arrests follow leaked information linking the Guccifer 2.0 malware used to hack Democratic National Committee (DNC) emails to an alleged Kremlin-linked hacker group called Fancy Bear.
Czech Republic-based broadcaster Central European Media Enterprises (CME) on July 10 announced the divestiture of its leading Croatian and Slovenian TV stations to United Group's Slovenia Broadband for €230mn ($262.5mn) in cash to pay down debt. United Group is backed by American investment firm KKR and the European Bank for Reconstruction and Development (EBRD).
CME expects the sale to close by the end of the year. Proceeds will go to repay a €250.8mn euro loan due in 2018, lowering a debt load of $1bn. The majority of CME’s debt is in term loans guaranteed
by main owner Time Warner. The move should reduce the group’s average borrowing costs by 275bps to 4.5%.
US blacklists Russia’s Kaspersky Lab
CME sells Croatian and Slovenian TV stations