Vodafone may sell its minority stake in Polish mobile operator Polkomtel together with other shareholders, according to Reuters.
Earlier this year, state-owned companies KGHM, PGE, KPN Orlen announced their intention to jointly sell their stakes. PGE is…
Vodafone may sell its minority stake in Polish mobile operator Polkomtel together with other shareholders, according to Reuters.
Earlier this year, state-owned companies KGHM, PGE, KPN Orlen announced their intention to jointly sell their stakes. PGE is advised by ING and PKN Orlen by Nomura.
Tomasz Zadroga, the CEO of Polish state-owned utility PGE was quoted saying that the British company had expressed an initial interest in selling its stake and that it was probable that 100% of the operator would go on the market.
In addition, Jacek Krawiec, CEO of oil refiner PKN Orlen, was quoted saying that Vodafone could join other shareholders to sell the operator.
A spokesperson at Vodafone declined to confirm its intention to sell.
“We’re not commenting on any speculation concerning Polkomtel,” he said.
Private equity firms are expected to be interested in acquiring the mobile operator. Negotiations may start in the H2 with completion next year.
KGHM, PKN Orlen and Vodafone each hold 24.39% of Polkomtel, while PGE holds 21.85% and Weglokoks 4.98%.
