Two Polkomtel shareholders dismissed rumours that the sale may suffer delays or even fall apart because of disagreements among the five shareholders and their advisers. Binding bids are due on 10 June.
PKN Orlen CEO Jacek Krawic said Polkomtel was still…
Two Polkomtel shareholders dismissed rumours that the sale may suffer delays or even fall apart because of disagreements among the five shareholders and their advisers. Binding bids are due on 10 June.
PKN Orlen CEO Jacek Krawic said Polkomtel was still likely to be sold by the end of June and that there was no discord among the shareholders, a sentiment echoed by KGHM CEO Herbert Wirth.
PKN Orlen press office said in an email: “There is no dispute among the different shareholders as to the sale process. Everything is going according to plan. All shareholders of Polkomtel SA are working jointly to coordinate further steps in order to sell all of the company’s shares on terms and conditions that meet their expectations.” The four candidates who submitted second round bids in early June qualified for the next stage. Sweden’s TeliaSonera (advised by BoA Merrill Lynch), local businessman Zygmunt Solorz-Zak (advised by Trigon, Credit Agricole and Deutsche Bank), Apax (advised by Morgan Stanley) and a consortium of Telenor (advised by Barclays Capital) and Bain Capital (advised by BNP Paribas) will reportedly have to complete due diligence by June 10, when binding bids are due.
Cable operator Aster is in talks to take over companies with business customers, according to reports. Aster’s head of business division Robert Sababady was quoted as saying the cable operator expected to spend PLN10m (US$3.6m) in acquisitions this year, having spent PLN15m (US$5.3m) last year. US-based cableco Liberty Global agreed to buy Aster from Mid Europa Partners last December in a transaction worth PLN2.4bn (E596m).
Cable operator Vectra has bought the cable assets of alternative operator Netia in the Bydgoszcz region, according to media reports.
No financial details were given. Vectra would acquire assets in the city of Bydgoszcz and the nearby towns of Nowe nad Wisla, Naklo, Paterek, Swiecie and Tuchola.
According to the reports, Netia sold its cable network as part of its strategy of developing a standardised technology platform for its services, including IPTV.
