– The market's concerns are justified – he said in an interview with Bloomberg Agency Piotr Raciborski, analyst at the broker Wood & Co. – Investors may fear that any key business decisions may be frozen in the face of family conflict – even before any succession – he added. Raciborski believes that investors now want to know whether Zygmunt Solorz-Żak is in good health so that he can supervise his companies.
Will Justyna Kulka take over Zygmunt Solorz-Żak's business?
Marcin Nowak, an analyst at Ipopema Securities SA, said that if Justyna Kulka, the billionaire's wife, had taken over Solorz's business empire, instead of his kidsthis would increase the chances of significant changes in the group's strategy, including potential disinvestments.
Polsat spokesman Tomasz Matwiejczuk informed Bloomberg that Cyfrowy Polsat is operating normally. However, he refused comment regarding the letter from Solorz's children, the content of which was previously published by “Gazeta Wyborcza”.
Zygmunt Solorz-Żak is to remove his children from the management boards of Polsat group companies
On Thursday, September 26, after 20 Cyfrowy Polsat shares fell by approx. 7.60%. to the level of approximately PLN 12.76. Meanwhile, over the last 52 weeks, the shares of the company controlled by billionaire Zygmunt Solorz-Żak ranged between PLN 9,656 and PLN 15.10. Declines on stock exchange Cyfrowy Polsat took place after the content of an e-mail that Solorz allegedly sent to the group's employees was revealed. He said in it that in the coming weeks will delete his children – Tobias Solorz, Piotr Żak and Aleksandra Żak – from the company's authorities – says “Press“.
Zygmunt Solorz-Żak's message is intended to be a response to a document in which Solorz's children warn the heads of Cyfrowy Polsat, Telewizja Polsat, Polkomtel and Netia that the management staff should “be careful in accepting orders” from people whose recently acquired rights may raise doubts. “The e-mail is in fact a warning against an attempt to take over Solorz's business by – according to his children – unauthorized persons who may harm the business and entangle it politically” – I'm writing “Gazeta Wyborcza“, which quotes the mentioned document.