WKB Wiercinski, Kwiecinski, Baehr is advising PKO Bank Polski, a leading Polish banking group, on the purchase by PKO BP Finat Sp. z o.o. of 100% of the shares in KBC TFI S.A. from KBC Asset Management, a Belgian fund manager from the KBC banking group. SPCG advised KBC on the deal.
The preliminary share purchase agreement was signed on September 8, 2017, and the transaction is subject to clearance from the President of the Office of Competition and Consumer Protection and a no-objection statement from the Polish Financial Supervision Commission. Closing is expected to occur in the first quarter of 2018.
The WKB team was led by Partner Pawel Hincz, supported by Senior Associate Natalia Kabacinska, Associate Wojciech Kulczyk, Associate Monika Obieglo, and Junior Associates Matylda Budzyn and Katarzyna Jakubowska-Kaleta.
The SPCG team working on the project consisted of Partner Artur Zapala and Piotr Szelenbaum and Senior Associate Agnieszka Kolodziej-Arendarska.