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Two offers for PTK
PTK, the Kosovo state owned operator, received two offers by the end of deadline earlier this week.
A source with direct knowledge of the matter confirmed that Lebanese M1 and a consortium comprising Axos Capital and Najafi Companies have submitted bids…
PTK, the Kosovo state owned operator, received two offers by the end of deadline earlier this week.
A source with direct knowledge of the matter confirmed that Lebanese M1 and a consortium comprising Axos Capital and Najafi Companies have submitted bids for the 75% stake in the operator up for grabs.
Until recently four players had still considered making offers, but by the end of deadline Turkcell and another investment group formed by Twelve Hornbeams and Avicenna Capital decided not to participate.
Albright Capital had left the process earlier.
The sell-side will now review the technical offers before actually opening the envelopes with the financial offers. This, according to the source, is expected to happen as soon as next week.
As reported previously the date for the announcement of the successful bidder will largely depend on the schedules of government privatisation committee members and the timing for the next committee meeting.
The committee is advised by Raiffeisen and Lazard.
