The European Bank of Reconstruction (EBRD) plans to contribute up to E200m of equity for the acquisition of Polish mobile operator Polkomtel.
On 30 June, local businessman Zygmunt Solorz-Zak agreed to buy the second largest mobile operator of the…
The European Bank of Reconstruction (EBRD) plans to contribute up to E200m of equity for the acquisition of Polish mobile operator Polkomtel.
On 30 June, local businessman Zygmunt Solorz-Zak agreed to buy the second largest mobile operator of the country for PLN18.1bn (E4.5bn).
The bank will provide equity to Metelem Holding Company Limited, a Cyprus-based company which is majority-owned by Solorz-Zak.
As previously reported in Telecom Finance, five banks have put together a PLN14.3bn (E3.5bn) debt package for the acquisition. Credit Agricole and Deutsche Bank are global coordinators, while RBS and SG are bookrunners. PKO BP is initial mandated lead arranger.
Solorz-Zak was advised by Trigon, Credit Agricole and Deutsche Bank on the financial side and by Dewey & LeBoeuf on the legal side.
KGHM, PKN Orlen, and Vodafone are selling a 24.39% stake each in Polkomtel, with PGE selling 21.85% and Weglokoks 4.98%.
PKN Orlen was advised by Nomura and Clifford Chance, while PGE appointed ING and Allen & Overy. KGHM was advised by Rothschild and Gide Loyrette Nouel, and Vodafone hired Goldman Sachs and K&L Gates.
