Deals
Slim Resurfaces in Europe Speculation as Hawe Seeks Capital
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Hawe SA said it plans to raise 350 million zloty ($107 million) by selling shares to an investor amid speculation that billionaire Carlos Slim’s America Movil SAB may seek a stake in the Polish fiber-optic network operator.
Hawe, based in Warsaw, will ask for shareholders’ approval on Sept. 18 to issue 50 million to 100 million new shares in a private transaction, according to a regulatory filing yesterday. The company will use proceeds to buy TK Telekom Sp z o.o., a Warsaw-based phone unit of Polish state railway Polskie Koleje Panstwowe SA, according to a statement.