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Tuesday, February 8, 2011

Orascom joins race for Poland's Polkomtel -sources, (ORTE), (TLSN), (NYSE: BX), (NYSE: KKR)

Egypt's Orascom Telecom (ORTE.CA) has joined Nordic operator TeliaSonera (TLSN.ST), a Polish media mogul and a number of private equity firms in a race for Polkomtel, Poland's top mobile group by sales, sources familiar with the process said. Private equity funds TPG TPG.UL and Blackstone (BX.N), are working on a possible joint bid. These firms along with Permira, Providence and Polish businessman Zygmunt Solorz-Zak, have received the investment memoranda -- detailed sales documents for prospective bidders - according to the sources. Apax [APAX.UL], KKR (KKR.N), EQT, CVC [CVC.UL] and BC Partners could also be interested. [ID:nLDE6AP15U]

Source