Adviser selected for Polish telecoms

Article Abstract:

The Credit Suisse First Boston/Deutsche Morgan Grenfell consortium appeal against the Polish government's decision to use a Schroders/PBK Bank-led consortium for advice on the privatisation of telecoms company Telekomunikacja Polska, has been quashed. The appeal was made on the grounds that the Credit Suisse consortium offered more experience at a more competitive price. A 30% share of the telecoms company is expected to hit the market during the second half of 1998.

Securities, Privatization, Privatization (Business), Credit Suisse First Boston L.L.C., Deutsche Morgan Grenfell Group PLC

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Greece moves forward with vigour

Article Abstract:

Simitis of Greece hopes to shore up public confidence in his government by actively pursuing privatization. Big players such as National Bank of Greece plans an increase in capital and has planned an offering of shares on the New York Stock Exchange. At this point everything from other banks, water companies, a duty free shop and airport are part of the privatization effort.

Greece, Asset sales & divestitures, Strategy & planning, Water Supply and Irrigation Systems, Government domestic functions, Scheduled Air Transportation, Intnl & Territorial Air Service, Air Transportation, Scheduled, And Air Courier Services, Water supply, Water Utilities, HOTELS AND OTHER LODGING PLACES, Tourist Travel, Banking industry, Finance, Airlines, Travel industry, Communications industry, Tourism, National Bank of Greece S.A., Hellenic Telecommunications Organization S.A., Ionian Bank, Olympic Airlines, Metropolitan Water and Sewerage Co.

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Poland launches largest IPO

Article Abstract:

Poland will offer its largest initial public offering by selling 15% to 25% of the shares of state-owned telecommunications services provider, Telekomunikacja Polska S.A. The offering could be worth as much as $1.85 billion. After this flotation, the company will be the largest company traded on the Warsaw Stock Exchange.

Acquisitions & mergers, Poland

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