Four candidates placed second bids on May 6 for mobile operator Polkomtel.
Sweden’s TeliaSonera (advised by BoA Merrill Lynch), local businessman Zygmunt Solorz-Zak (advised by Trigon, Credit Agricole and Deutsche Bank), a consortium of Telenor…
Four candidates placed second bids on May 6 for mobile operator Polkomtel.
Sweden’s TeliaSonera (advised by BoA Merrill Lynch), local businessman Zygmunt Solorz-Zak (advised by Trigon, Credit Agricole and Deutsche Bank), a consortium of Telenor (reportedly advised by Barclays) and Bain Capital (advised by BNP Paribas), as well as private equity firm Apax (advised by Morgan Stanley) have decided to make an offer.
A source close to the deal suggested that with its investments in India and VimpelCom, Telenor would probably not be able to take a large ticket and in the event of a successful bid, would likely end up with a stake of around 30%.
The shareholders are reportedly expected to decide which bidders will be selected to conduct further due diligence within the week of the offers being submitted.
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 coordinating the pool of advisers.
