MEDIACAP SA (WSE:MCP) signed a term sheet to acquire 53% stake in GRUPA IQS Sp. z o.o. for PLN 2.5 million on October 8, 2013. The acquisition price includes PLN 0.5 million paid as cash and PLN 2 million to be paid in eight days from the contract signature date. Mediacap paid PLN 500 per GRUPA IQS share. The transaction is expected to close by November 30, 2013.

MEDIACAP SA (WSE:MCP) completed the acquisition of 53% stake in GRUPA IQS Sp. z o.o. on November 22, 2013.