Rymarz Zdort Maruta has advised the bankruptcy trustee of Getin Noble Bank and Idea Bank on the sale of a total holding of approximately 86.83% of the shares in Noble Funds TFI fund management company to VeloBank.
According to Rymarz Zdort Maruta, "the proceeds from the sale of the fund management company will go to the creditors of the bankrupt banks. The transaction is subject to approval by the judges-commissioners of Idea Bank and Getin Noble Bank and by the Polish Financial Supervision Authority."
Noble Funds TFI specializes in creating and managing open-end and closed-end investment funds, renders asset management services involving the management of individual securities portfolios, and provides investment consultancy.
VeloBank is a universal bank based in Warsaw that was formed as a result of the process of resolution of Getin Noble Bank conducted by the Bank Guarantee Fund.
Earlier this year, Rymarz Zdort Maruta advised on the Bank Guarantee Fund's sale of VeloBank to Cerberus (as reported by CEE Legal Matters on April 5, 2024).
The Rymarz Zdort team included Partners Magdalena Pyzik-Walag, Lukasz Gasinski, Filip Lesniak, Katarzyna Lukaszewicz, and Zbigniew Okon, Counsel Piotr Zawacki, and Senior Associates Lukasz Karasek, Diana Sofu, Mateusz Palian, and Tomasz Kordala.
Rymarz Zdort Maruta did not respond to our inquiry on the matter.
