PGE of Poland Postpones Exatel Sale to Next Year, Puls Says

PGE SA, Poland’s largest power company, postponed the sale of its phone unit Exatel SA until next year, in order to give bidders more time to carry out due diligence checks, Puls Biznesu reported, citing a person familiar with the transaction.

PGE expects binding bids through Jan. 4, the newspaper reported.

To contact the reporter on this story: Marta Waldoch in Warsaw on mwaldoch@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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