Seven candidates have been shortlisted for the acquisition of Polish mobile operator Polkomtel, according to media reports.
Polish businessman Zygmunt Solorz-Zak, TeliaSonera, Telenor, a Blackstone-TPG group, KKR, Providence, and Apax have reportedly…
Seven candidates have been shortlisted for the acquisition of Polish mobile operator Polkomtel, according to media reports.
Polish businessman Zygmunt Solorz-Zak, TeliaSonera, Telenor, a Blackstone-TPG group, KKR, Providence, and Apax have reportedly been allowed to conduct due diligence.
According to TelecomFinance sources, Apax (advised by Morgan Stanley) and Bain Capital (advised by BNP Paribas) are likely to join forces.
Telenor is reportedly advised by Barclays, TeliaSonera is working with BoA Merrill Lynch, while the Blackstone/TPG consortium is advised by Credit Suisse, JPMorgan and Raiffeisen Investment.
According to reports, Solorz-Zak has placed the highest bid at PLN18bn (E4.5bn), while the lowest bid would be PLN2bn (E4bn) lower.
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 appointed ING. KGHM is advised by Rothschild, and Vodafone hired Goldman Sachs. Nomura is understood to be coordinating the pool of advisers.
