Owners of P4 mobile operator consider sale

Polish daily Puls Biznesu reported that the owners of Polish mobile operator P4 (Play) are planning to sell the company and have hired Bank of America Merrill Lynch and UBS to run the process. The newspaper said that France's Orange and Deutsche Telekom could offer the highest price, but it is unlikely that any of the two would get an approval from anti-monopoly office UOKIK. Among possible buyers, Puls Biznesu named private equity funds such as KKR, Blackstone, Cinven, Advent and CVC According to the newspaper, the company is worth €2.6 billion including debt. The biggest shareholder is Tollerton, which owns a 50.3 percent stake, and the rest is held by Novator.