The deadline to submit second-round bids for Polish mobile operator Polkomtel has been extended to the end of April, Dow Jones reports quoting a person familiar with the situation.
Seven candidates have reportedly been shortlisted. These are Polish…
The deadline to submit second-round bids for Polish mobile operator Polkomtel has been extended to the end of April, Dow Jones reports quoting a person familiar with the situation.
Seven candidates have reportedly been shortlisted. These are Polish businessman Zygmunt Solorz-Zak, TeliaSonera, Telenor, KKR, Providence, Bain and Apax.
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), while the lowest bid would be PLN2bn (E4bn) lower.
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.
