Multimedia Polska has refused to confirm a report that the deadline for first round bids for the company has been pushed back by two weeks.
Euroweek wrote that the timetable for the first round was extended to 21 September to give interested parties…
Multimedia Polska has refused to confirm a report that the deadline for first round bids for the company has been pushed back by two weeks.
Euroweek wrote that the timetable for the first round was extended to 21 September to give interested parties more time to put their offers together. Originally, the deadline was set for 7 September.
The cable operator is said to have attracted interest from strategic as well as financial investors, including PE firms Permira and Cinven, Liberty Global’s UPC subsidiary, and at least one additional strategic player.
EQT and Mid-Europa Partners had previously also been mentioned as looking at the asset.
Multimedia is expected to fetch between €700m and €800m.
JPMorgan advises the current owners on the sale process.
M2 Investments, a subsidiary of US-based YTD LLC, has a 46.56% stake in Multimedia Polska while Tri Media Holdings and UNP Holdings, both controlled by Cyprus-based EVL, hold stakes of 24.29% and 10.43% respectively.