Poland’s Hawe Telekom has announced a joint bid with IT Polpager for state-owned PKP Group’s 47.91 stake in TK Telekom.
Hawe notified the Warsaw Stock Exchange that it will lead the consortium in the tender process and that IT Polpager –…
Poland’s Hawe Telekom has announced a joint bid with IT Polpager for state-owned PKP Group’s 47.91 stake in TK Telekom.
Hawe notified the Warsaw Stock Exchange that it will lead the consortium in the tender process and that IT Polpager – linked to Polish media mogul Zygmunt Solorz-Zak – has agreed to contribute PLN50m (US$14m). Hawe did not state how much it would contribute.
Originally set for 9 March, the deadline for bids for TK Telekom, one of the largest backbone network operators in Poland, was postponed for the third time to 31 May (today).
A PKP spokesperson confirmed in early March that six companies were shortlisted for the bidding but declined to reveal their identities.
The advising consortium consists of Access CF, Grupa Konsultingowa Jagiello Wrebiak i Wspolnicy and Business Consulting.
The Polish state treasury owns the remaining 52.09% stake in TK Telekom which, according to its website, has a share capital amounting to PLN470.71m (US$131.9m). Polish media reports have speculated the sale is likely to command about PLN400m (US$112.14m).
