Rymarz Zdort has advised Bank Pekao S.A. on the acquisition of a 38.33% stake in Krajowy Integrator Platnosci S.A. Moskwa, Jarmul, Haladyj i Wspolnici advised KIP on the deal.
Closing, which is planned for the end of the first quarter or the beginning of the second quarter of 2021, remains subject to regulatory approval.
Rymarz Zdort describes KIP, the operator of the Tpay.com system, as "a dynamically developing company with an established position on the Polish market of processing payments in the online sales channel." According to the firm, "thanks to this transaction, Bank Pekao, by forming a strategic partnership in the e-commerce market, will provide to its corporate clients a fully comprehensive payment acceptance offer, supplemented by products intended for the dynamically growing e-commerce market.”
Rymarz Zdort’s team included Partners Lukasz Gasinski, Jacek Zawadzki, and Monika Kierepa and Associate Marzena Iskierka.
Moskwa, Jarmul, Haladyj i Wspolnici's team included Partners Pawel Moskwa and Karol Kicun.
Editor's note: After this article was published, SSW Pragmatic Solutions announced that it had advised the majority shareholder of Krajowy Integrator Platnosci on the deal. The firm's team included Partner Szymon Okon, Senior Associate Tomasz Kwasniewski, and Associate Damian Staszewski.