Multimedia Polska leaves auction activity low

08 Oct 2012

Leveraged finance bankers working on bids for Polish cable operator Multimedia Polska are “disappointed, but not surprised” that the sale of the company was pulled after bids did not meet the vendor’s expectations.

The decision to pull the sale is the latest in a string of failed auction processes that could have provided some much-needed deal flow to the leveraged loan market. During the summer, attempted sales of Birds Eye Iglo, Schenck Processes and Selecta all failed as sellers and bidders ...

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