Polish cableco Multimedia Polska wants to relist on the Warsaw stock exchange after attempts to find a new investor for the company failed.
Sale negotiations collapsed as no agreement could be reached on price, Reuters reported, citing three sources…
Polish cableco Multimedia Polska wants to relist on the Warsaw stock exchange after attempts to find a new investor for the company failed.
Sale negotiations collapsed as no agreement could be reached on price, Reuters reported, citing three sources familiar with the matter. There was no indication of the timeframe for the potential relisting.
Multimedia’s co-chairmen Tomek Ulatowski and Ygal Ozechov delisted the company in 2011.
In October 2012, the cableco announced that its shareholders had decided not to sell their stakes in the company after a strategic review by JP Morgan convinced them it should continue with its existing growth strategy.
Multimedia says it had 825,000 customers at the end of September 2013. The company posted revenues for the first nine months of the year of PLN523.7m (US$169m) and adjusted EBITDA of PLN266.1m (US$85.95m).
Multimedia is Poland’s third largest cableco after Liberty Global’s local UPC unit and Vectra. The company was not immediately available for comment.
