Polkomtel bids pushed back to May

04 Apr 2011

The deadline for second round bids on the buy-out of Polkomtel, a Polish telecoms firm, has been pushed back to May 5. An LBO is still on the cards for CEE levfin bankers, although private equity firms are bidding against trade buyers. The buyout will require debt of around Eu1bn should it be done as an LBO.

"Polkomtel could be a watershed deal in attracting investors to CEE," said one loans banker. "It requires new money but is a great business and would be the biggest in the region for years."

Another banker familiar with the region said that the bidding could go to a third ...

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