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Polkomtel shareholders agree on combined sale
The shareholders of Polish mobile operator Polkomtel have agreed to jointly sell their stake in the company.
State-owned company KGHM, PGE, KPN Orlen and Weglokoks together hold a 75.61% stake in the mobile operator.
“We all want to sell our stakes and…
The shareholders of Polish mobile operator Polkomtel have agreed to jointly sell their stake in the company.
State-owned company KGHM, PGE, KPN Orlen and Weglokoks together hold a 75.61% stake in the mobile operator.
“We all want to sell our stakes and there is a common understanding that it would be better to sell together. A trade sale is the favourite option,” a spokesperson at PGE said.
No timetable has been set yet, but the shareholders expect the talks to be advanced or closed by the end of the year, the spokesperson added.
Reports suggested that Polkomtel could be worth E4bn.
KGHM, PKN Orlen and Vodafone each hold 24.39% of Polkomtel, while PGE holds 21.85% and Weglokoks 4.98%.
PGE is advised by ING and PKN Orlen by Nomura.
