KKR Backs Out of Polkomtel Sale

Buyout shop Kohlberg Kravis Roberts & Co. has backed out of the race for Polish mobile operator Polkomtel, Reuters reported. The company is expected to be valued at up to 18 billion zlotys ($6.6 billion). Last month Polkomtel shortlisted seven bidders, including private equity firms Apax Partners, Providence Equity Partners, Bain Capital and KKR.

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