Polkomtel shareholders to choose sale adviser in the autumn

Polish shareholders in mobile telecom operator Polkomtel should make a decision on the mode of selling their shares in September or October, said Piotr Rutkowski, deputy president of the National Grid (PSE), which is one of the shareholders. PSE holds slightly more than 16% in Polkomtel, which operates the Plus GSM network, while the total stake of PSE, KGHM and PKN Orlen amounts to more than 60%. Rutkowski added that the three companies could sign a deal with an advisor on the sale this month. PKN Orlen deputy president Jacek Strzelecki earlier declared that the ABN Amro and Citigroup consortium would be the advisor. The three investors, whose total stake in Polkomtel has been valued at $2 billion by the Economist Intelligence Unit (EIU), are still considering two options of selling the shares - directly to a strategic investor or via the bourse. (Parkiet, p. 3) T.J.