Czech Billionaire Considers Deal for $8 Billion Telecom Unit
- Billionaire Kellner could sell Cetin stake directly or via IPO
- PPF will probably decide on Cetin’s future this spring
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PPF Group NV will probably decide this spring whether to sell a minority stake in its telecommunication infrastructure unit Cetin Group BV, either directly or through the stock market, according to a person familiar with the matter.
Czech billionaire Petr Kellner’s PPF is reviewing options for Cetin and the recent pricing of similar assets would imply that the owners could seek a deal that may value the company at more than 6.7 billion euros ($8 billion), according to the person, who asked not to be named because the discussions are private.