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EBRD offers loans to bidders for Polish TK Telekom

European Bank for Reconstruction and Development has expressed interest in offering loans to potential investors interested in the privatization of telecommunications operator TK Telekom, subsidiary of Polskie Koleje Państwowe S.A (PKP). 

According to PKP statement, all companies which so far have expressed interest in buying TK Telekom shares, have already been informed of this opportunity. 

The process of TK Telekom privatization started on the 20th of October,  with PKP SA having issued an invitation to negotiations addressed to potential investors. Companies are expected to submit preliminary bids by the 26th of November.

PKP plans to complete the sale of both TK Telekom and PKP Energetyka in H1 2015 in an attempt to cut its debts. 

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