Spartan Capital Holdings, owned by Polish businessman Zygmunt Solorz-Zak, has finalised the acquisition of Polish mobile operator Polkomtel for PLN18.1bn (US$5.6bn).
The transaction had received antitrust approval from the Polish Office of Competition…
Spartan Capital Holdings, owned by Polish businessman Zygmunt Solorz-Zak, has finalised the acquisition of Polish mobile operator Polkomtel for PLN18.1bn (US$5.6bn).
The transaction had received antitrust approval from the Polish Office of Competition and Consumer Protection in October.
The European Bank for Reconstruction and Development (EBRD) will acquire a 16.2% stake in Polkomtel for up to €200m equivalent in Polish Zloty.
KGHM, PKN Orlen, and Vodafone each sold a 24.39% stake in Polkomtel, with PGE selling 21.85% and Weglokoks 4.98%.
Solorz-Zak was advised by Trigon, Credit Agricole and Deutsche Bank on the financial side and by Dewey & LeBoeuf on the legal side. PKN Orlen was advised by Nomura and Clifford Chance, while PGE appointed ING and Allen & Overy. KGHM was advised by Rothschild and Gide Loyrette Nouel, and Vodafone hired Goldman Sachs and K&L Gates.
Credit Agricole and Deutsche Bank were global coordinators of the PLN13.3bn (E3.33bn) debt package for the acquisition, while RBS and SG were bookrunners. PKO BP was initial mandated lead arranger.
