Play to be sold or listed - Reuters

The owners at P4 (operating under the Play brand), Poland's fourth largest mobile operator, are working with Bank of America Merrill Lynch  to sell or list the company in a transaction valued at over €2 billion, Reuters reported citing several sources. P4 is owned by Greek fund Tollerton and Icelandic Novator who would prefer to sell the business.  However, a dual-track process also exploring an initial public offering (IPO) is expected to start next year, the sources told the agency.  "It should launch at the turn of the year at earliest, but it's not going to be an easy walk-through as it has grown and the Polish market offers little space for more," a source pointed out. According to Reuters, P4, Bank of America and Tollerton declined to comment, whereas Novator was not available.