PTWP Group has announced that it has signed a share subscription agreement with Pluralis B.V., a fund headquartered in Amsterdam. As a result of the agreement and the relevant resolutions adopted by the general meeting, Pluralis B.V. is contributing to PTWP a majority stake in Gremi Media—the publisher of the daily newspapers Rzeczpospolita and Parkiet—amounting to 56.82%. In exchange, Pluralis B.V. subscribed for 369,590 newly issued PTWP Series C shares, which—once the increase in share capital is registered—will represent 23% of PTWP’s shares. After registration, Wojciech Kuśpik will remain the majority shareholder, holding 55.14% of PTWP shares. The transaction process also entails significant changes to the supervisory and management bodies and corporate governance structures of both media groups. The deal confirms PTWP Group’s long-term growth strategy. It establishes stable ownership and organisational foundations for further operational integration, synergy capture, and the strengthening of Poland’s most influential media brands.
This marks the completion of an important stage in a process initiated by the signing of an investment agreement on 21 November 2025—opening a new chapter in PTWP Group’s development and constituting one of the most significant consolidation projects on the Polish media market in recent years.
As part of the transaction, an extraordinary general meeting of PTWP adopted a resolution to increase the company’s share capital through the issuance of 369,590 new Series C ordinary bearer shares with a nominal value of PLN 0.50 each. PTWP’s share capital was increased from PLN 618,660 to PLN 803,455. The issue was carried out by way of a private placement with the pre-emptive rights of existing shareholders excluded—an approach deemed to be in the company’s interest and conducive to the efficient implementation of its strategic objectives.
Pluralis B.V. subscribed the Series C shares in exchange for a non-cash contribution in the form of Gremi Media shares with a total value of PLN 45.25 million. The issue price per Series C share was set at PLN 122.43, corresponding to the total issue value of PLN 45.25 million. PTWP’s general meeting approved both the value of the in-kind contribution and the terms of the share issue. The Series C shares are ordinary bearer shares and participate in dividends on the same terms as the company’s existing shares. The Gremi Media shares are to be transferred to PTWP’s account on the next business day following the signing of the share subscription agreement.
At the same time, the general meeting adopted a resolution amending the company’s articles of association and authorised PTWP’s management board to undertake all actions necessary to carry out the issue, dematerialise the Series C shares, and apply for their admission and introduction to trading on the regulated market of the Warsaw Stock Exchange. The amendments to the articles and the increase in share capital will require registration in the National Court Register (KRS).
“Finalising this transaction is a breakthrough moment—both for PTWP Group and for the entire business media market in Poland. We are consistently executing our growth strategy—organically and through acquisitions—and the titles Rzeczpospolita and Parkiet are a key element of it. Together, we are building a strong, credible, long-term project based on quality, independence and the synergy of competencies,” said Wojciech Kuśpik, President and founder of PTWP Group.
Following the transaction, and once the share capital increase is registered, PTWP’s shareholder structure will also change. Pluralis B.V. will hold 369,590 Series C shares, which—after registration—will represent 23% of PTWP’s shares. Wojciech Kuśpik will retain his position as the majority shareholder with a 55.14% stake.
Changes in the corporate bodies of the companies within the new ownership structure have accompanied the closing of the transaction. On 11 December 2025, Gremi Media’s supervisory board adopted resolutions regarding changes to the management board and appointing Wojciech Kuśpik—President of PTWP Group—as a new board member.
“Personnel changes in the governing bodies of both Gremi Media and PTWP are crucial from the perspective of ownership control and the effective implementation of the group’s long-term development strategy. Putting the ownership structure in order allows us to move into the phase of operational integration and the consistent building of a media offering based on quality, credibility and scale. At the same time, we are strengthening corporate governance across the group. Following changes to Gremi Media’s management board, tomorrow its general meeting will adopt resolutions on appointing PTWP representatives to the supervisory board, ensuring consistent oversight and the efficient delivery of shared strategic goals,” Kuśpik emphasised.
PTWP’s general meeting also appointed new members to the supervisory board. Grzegorz Kossakowski and Joanna Różycka-Iwan—previously members of Gremi Media’s supervisory board—joined the body.
Joanna Różycka-Iwan brings nearly 20 years of experience in investing, advisory, and financial management, gained in roles such as Chief Investment Officer at the Media Development Investment Fund and as a supervisory board member of media companies in Poland and across Europe. Grzegorz Kossakowski has extensive experience in investment activity, mergers and acquisitions, and managing media organisations, including roles within the Agora and Eurozet groups; he currently serves as Director of Investments for Europe at the Media Development Investment Fund.
The closing of the transaction enables the integration of PTWP Group’s assets and competencies—including online media, events, rankings, industry reports and event infrastructure—with brands such as Rzeczpospolita, Parkiet and rp.pl. As a result, the largest ecosystem in Poland of information, analysis, knowledge and events for business, finance and public administration is being created.
Formally completing the deal opens a new phase of cooperation between PTWP Group, Gremi Media and Pluralis B.V., focused on long-term development, leveraging synergies and further strengthening the position of Poland’s most influential media outlets.
The general meeting of PTWP also adopted a resolution launching a 2026–2027 incentive programme предусматривающий the issuance of up to 5% of shares as an additional remuneration and bonus system for employees and collaborators of the company and its subsidiaries. The programme is designed as a long-term, share-based compensation scheme aimed at increasing participants’ engagement in building company value and financial performance, as well as retaining key individuals within the capital group. It will be implemented through the issuance of new shares subscribed by participants on preferential terms.
Source: CEO.com.pl
