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Greenberg Traurig Advises CCC on New Share Offering

Greenberg Traurig Advises CCC on New Share Offering

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Greenberg Traurig has advised CCC and its main shareholder on issuing and offering 13.7 million new shares, valued at more than PLN 500 million.

CCC is a shoe manufacturer and retailer listed on the Warsaw Stock Exchange. According to Greenberg Traurig, “CCC S.A. offered 13.7 million new shares to its shareholders in two series: Series I (soon to be listed on the WSE) and Series J (registered shares which will be listed on the WSE at the earliest in 12 months). Concurrently with the offering, CCC S.A.’s main shareholder Dariusz Milek decided to sell more than PLN 2 million worth of CCC S.A.’s existing shares already in WSE free-float, in order to invest the proceeds back into CCC S.A. by acquiring all Series J shares. Institutional investors will acquire more than PLN 8.9 million worth of CCC S.A.’s free float, whereas a company controlled by Dariusz Milek will acquire 6.85 million Series J shares, allowing him to maintain his share of votes in the company despite the issuance of the new shares.”

Greenberg Traurig’s team also included Warsaw-based Partners Rafal Sienski and Pawel Piotrowski, Senior Associate Agata Wisniewska, and Associates Tomasz Szekalski and Michal Baldowski, as well as London-based Partners Dorothee Fischer-Appelt and James Mountain.

Editor’s note: After this article was published, CEE Legal Matters learned that White & Case had advised the Brokerage House of PKO BP and Pekao Investment Banking, as global coordinators, and Citigroup Global Markets Limited, the Brokerage House of Bank Handlowy, mBank and Santander Bank Polska-Santander Brokerage House as joint book-runners. The firm's team included Partner Marcin Studniarek, Local Partner Rafal Kaminski and Associate Damian Lubocki, with the help of London-based Counsel Doron Loewinger.

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