Indicative bids for the Polish mobile operator Polkomtel are due by 21 February, Dow Jones reports.
Information memorandum have reportedly been sent out last Monday and due diligence is expected to start by early March.
A number of potential buyers have…
Indicative bids for the Polish mobile operator Polkomtel are due by 21 February, Dow Jones reports.
Information memorandum have reportedly been sent out last Monday and due diligence is expected to start by early March.
A number of potential buyers have already been circulating since last year. The Blackstone/TPG consortium is thought to be advised by Credit Suisse, JPMorgan and Raiffeisen Investment, Apax has selected Morgan Stanley, Bain Capital is with BNP Paribas and TeliaSonera is thought to be working with Bank of America. CVC has also been mentioned as potentially interested.
Telecoms specialists have valued Polkomtel at E4bn.
KGHM, PKN Orlen and Vodafone each have a 24.39% stake in Polkomtel, with PGE holding 21.85% and Weglokoks 4.98%.
PKN Orlen is advised by Nomura, while PGE is advised by ING, KGHM is advised by Rothschild and Vodafone is rumoured to be advised by Goldman Sachs. Nomura is understood to be coordinating the pool of advisers.
