Greenberg Traurig has advised a consortium of banks as global coordinators and joint bookrunners in a process of accelerated bookbuilding by the State Treasury and Polskie Inwestycje Rozwojowe (PIR) for the shares of PGE Polska Grupa Energetyczna.
The process resulted in a sale of 65.4 million shares, for a total price of PLN 1.32 billion. The firm advised Deutsche Bank, London Branch, Goldman Sachs International, and UniCredit as global coordinators and joint bookrunners, and Espirito Santo Investment Bank, Bank Polski, and Societe Generale as joint bookrunners, on the deal.
The Warsaw team of Greenberg Traurig advising on the deal consisted of Partner Federico Salinas, Local Partner Pawel Piotrowski, and Senior Associate Mateusz Chmielewski. According to the firm, "the State Treasury contributed the PGE shares (sic) a capital injection to Polskie Inwestycje Rozwojowe." It was the first transaction of this kind. The capital injection occurred immediately before the sale of the shares by PIR, according to the terms set forth in a governmental development program devised for PIR.
