Sweden’s TeliaSonera and local businessman Zygmunt Solorz-Zak are the two candidates left in the sale process of Poland’s second largest mobile operator Polokomtel, Reuters reports quoting local daily Rzeczpospolita.
A consortium of Telenor (advised by…
Sweden’s TeliaSonera and local businessman Zygmunt Solorz-Zak are the two candidates left in the sale process of Poland’s second largest mobile operator Polokomtel, Reuters reports quoting local daily Rzeczpospolita.
A consortium of Telenor (advised by Barclays) and Bain Capital (advised by BNP Paribas), as well as private equity firm Apax (advised by Morgan Stanley) have reportedly pulled out.
The four candidates had qualified for the next stage of negotiations after submitting second-round bids earlier this month.
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.
TeliaSonera is advised by BoA Merrill Lynch, while Solorz-Zak is advised by Trigon, Credit Agricole and Deutsche Bank.
