The deadline to submit second-round bids for Polish mobile operator Polkomtel has been delayed to May 6 from the end of April, Dow Jones Newswires reports quoting people familiar with the situation.
Bids had been previously due by the end of…
The deadline to submit second-round bids for Polish mobile operator Polkomtel has been delayed to May 6 from the end of April, Dow Jones Newswires reports quoting people familiar with the situation.
Bids had been previously due by the end of April.
According to earlier reports seven candidates had been shortlisted. Polish businessman Zygmunt Solorz-Zak, TeliaSonera, Telenor, KKR, Providence, Bain Capital and Apax were reportedly among the ones which have been allowed to conduct due diligence.
According to TelecomFinance sources, Apax (advised by Morgan Stanley) and Bain Capital (advised by BNP Paribas) are likely to join forces.
Telenor is reportedly advised by Barclays and TeliaSonera is working with BoA Merrill Lynch.
According to reports, Solorz-Zak has placed the highest bid at PLN18bn (E4.5bn).
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 understood to be coordinating the pool of advisers.
