PPF Is Said to Pick Banks for IPO of $5 Billion Telecom Arm
- Czech tycoon Petr Kellner exploring potential listing of Cetin
- BNP, Morgan Stanley, Societe Generale selected as advisers
Petr Kellner
Photographer: Jirasek Vaclav/CTK/PPFThis article is for subscribers only.
Czech billionaire Petr Kellner’s PPF Group NV has picked banks to help it explore a potential listing of its Cetin unit, which operates the country’s biggest telecommunications network, people familiar with the matter said.
PPF is working with BNP Paribas SA, Morgan Stanley and Societe Generale SA to study options for Cetin including an initial public offering, according to the people. A deal could value the business at about 4 billion euros ($4.8 billion), the people said, asking not to be identified because the information is private.