The information memorandum for the sale of Polish mobile operator Polkomtel is nearing completion, meaning a deal could be finalised in H1 2011, according to reports.
Slawomir Jedrzejczyk, CFO of 24.39% shareholder oil refinery PKN Orlen, is cited…
The information memorandum for the sale of Polish mobile operator Polkomtel is nearing completion, meaning a deal could be finalised in H1 2011, according to reports.
Slawomir Jedrzejczyk, CFO of 24.39% shareholder oil refinery PKN Orlen, is cited confirming that the sale’s marketing material is expected to be completed in November 2010.
Although Jedrzejczyk insisted a release date had yet to be set, other reports cite PKN Orlen CEO Jacek Krawiec saying it could be sent out soon after it was compiled.
Unconfirmed reports have also suggested that private equity firms Blackstone/TPG, Apax and CVC are all looking to place bids on the company, which is rumoured to be worth around E4bn.
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 is advised by ING and KGHM is reportedly advised by Rothschild.
PKN Orlen and Polkomtel were unable to comment before the press deadline.