A company backed by George Soros’s fund will boost its ownership of a leading Polish newspaper publisher to a controlling stake as the country heads into a parliamentary election.
Amsterdam-based Pluralis BV, whose shareholders include Soros Economic Development Fund, bought an additional 20% stake in Gremi Media SA from Warsaw-listed KCI giving it 57% ownership of the company, KCI said in a regulatory filing on Friday, without revealing the price.
KCI is an investment vehicle of Polish businessman and film producer Grzegorz Hajdarowicz, who has repeatedly complained about political pressure on the media market. In late 2021, Pluralis agreed to invest in Gremi with an option to purchase an additional stake at a later date.
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