PPF spurns club structure to maximise koruna tranche

Czech investment firm PPF has launched its €2.3bn-equivalent euro and koruna loan into general syndication, and is seeking to maximise the koruna portion of the deal.

  • By Michael Turner
  • 14 Nov 2013

PPF is seeking the loan to finance its acquisition of a 65.9% stake in Telefónica Czech Republic from Telefónica.

Société Générale, Crédit Agriocle, Deutsche Bank, ING, KBC, Royal Bank of Scotland and UniCredit are bookrunners and mandated lead arrangers on the facility, with tickets of €150m each. They also ...

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