Do SISU need to raise funds? (1 Viewer)

Netia Reportedly Hired Morgan Stanley For Sale

Netia Spolka Akcyjna is reportedly looking for an owner change as it has hired Morgan Stanley to help work out development strategy, and to find a sector or financial investor. Third Avenue Management, LLC is looking to sell its 18.86% stake while Sisu Capital Limited will sell 14.69% stake. The other shareholders which may sell stake include ING Groep NV with 25% stake, Aviva plc with 9.86% stake and OFE PZU Zlota Jesien along with Litman Gregory Fund Advisors LLC, holding around 5% each. Polish News Bulletin reported that neither Netia nor the private equity funds wanted to comment on the news.

Other reports suggest....

Sisu Capital Limited have hired Morgan Stanley to sound out interest from potential buyers for Netia. A person familiar with the matter said that a decision to buy either Netia or GTS Central could depend on the outcome of strategy review for Eastern Europe. Netia and GTS Central Europe didn't respond to a request for comment.

Looking for co investment when Mr Fisher was brought in

KP. This is a short-term appointment for you as interim MD, what are your priorities?
TF. I’ve got to continue to source co-investment, provide the interim leadership for the business while I lead the recruitment process for what will be a locally based managing director.

KP. Can I just pick you up on co-investment. You are looking for a partner?
TF. Co-investment is exactly that. Sisu are not looking for an exit. They are in this for the long term.