Poland’s communication market is moving forward, with the latest evidence of this trend in the sale of the country’s biggest alternative operator Netia scheduled for this month. There are three private equity funds said to be interested in the acquisition, with Netia having just opened their books to the potential buyers. They all are expected to make their decision not earlier than after the Easter on the purchase that has been estimated for PLN 2.5bn. Netia has also revealed some other funds being interested in a deal, adding that no official talks with them have yet been conducted on the issue.
18.3 percent of the Netia operator is currently held by Third Avenue Management with ING OFE controls a 13 percent and SISU Capital holding 12 percent.
Following Netia’s announcement that intended on the offer, company share climbed by 5 percent to PLN 6.77 at yesterday’s closing.
