We use cookies to make sure our website better meets your expectations.
You can adjust your web browser's settings to stop accepting cookies. For further information, read our cookie policy.
SEARCH
IN Warsaw
Exchange Rates
Warsaw Stock Exchange - Indices
The Warsaw Voice » Law » August 14, 2012
You have to be logged in to use the ReadSpeaker utility and listen to a text. It's free-of-charge. Just log in to the site or register if you are not registered user yet.
GLN Warsaw advises Abris Capital Partners on the take-over of Polski Bank Przedsiębiorczości
August 14, 2012   
Article's tools:
Print

Gide Loyrette Nouel has advised Abris Capital Partners on the acquisition of a 45% stake in Polski Bank Przedsiębiorczości (PBP) from DM IDMSA The seller, DM IDMSA brokerage house, will earn almost 28 million dollars on this sale.

The transaction does not require approval from the Polish Financial Supervision Commission as Abris already holds the regulator’s authorisation to exercise 100% of voting rights attached to the shares in PBP. As a result of the acquisition of shares, Abris has become the sole shareholder of the bank, having purchased 55% of shares at the end of 2010 from WestLB.

A stable owner will strengthen the bank’s competitive position and enable it to achieve its long-term objectives. Abris has not ruled out the possibility of introducing a minor investor and listing the shares in the bank in the future.

Polski Bank Przedsiębiorczości S.A. provides banking services to corporate clients, SMEs as well as public authorities, in particular local government units.

Abris Capital Partners is an independent private equity fund manager, focused on mid-market opportunities in the major countries of Central and Eastern Europe.

From GLN’s side, the transaction was handled by Paweł Grześkowiak, advocate and partner in charge of the Banking and Finance Department, and Marta Karmińska, legal advisor and tax advisor.

Notes to Editors
Gide Loyrette Nouel is a premier international law firm and the first to have originated in France. Founded in Paris in 1920, the Firm now operates from 19 offices in 15 countries. It has over 600 lawyers drawn from 40 different nationalities. Gide Loyrette Nouel offers some of the most respected specialists in each of the various sectors of national and international finance and business law. For further information, please visit our website: www.gide.com.

For further information, please contact:
Gide Loyrette Nouel
Magdalena Jakubaszek, Business Development, Marketing & PR Manager
Tel. +48 22 344 00 00
E-mail: Magdalena.jakubaszek@gide.com
© The Warsaw Voice 2010-2018
E-mail Marketing Powered by SARE