Sale of bonds and shares in Pro Futuro by Exatel

Financial advisory to Exatel, leading Polish telecom altnet, on the disposal of its bonds of and shares in Pro Futuro SA, an independent Polish telecom operator

On the 22nd of May 2006, an agreement concerning Exatel’s sale of shares and bonds of Pro Futuro was reached. Following over six month long negotiations with various turns, Exatel managed to get back the full value of its financial investment in Pro Futuro.

FIDEA was Exatel’s advisor in this transaction. The key negotiation success was the agreed sale price for the shares and bonds, which doubled compared to the initial offer price amounting to PLN 16.5 mln. Furthermore, the transaction settlement process was structured and implemented in the manner, which eliminated any price payment risks.