WKB has advised the PKO BP Group during the merger process of Polish investment fund companies PKO TFI and Gamma TFI (previously KBC TFI).
The merger process was initiated in March 2018, after the completion of the rebranding of the former KBC TFI, acquired by PKO BP Group at the end of 2017. The total value of assets managed by PKO TFI and Gamma TFI at the end of May 2018 was PLN 33.41 billion. The merger was entered into the National Court Register at the beginning of June, 2018.
According to WKB, “the PKO Bank Polski Group is one of the largest financial institutions in Poland, and it is also one of the leading financial groups in Central and Eastern Europe. In addition to the significant value of the transaction, and the speed and swiftness with which the transaction was completed (i.e., barely three months), the fact that it involved two operating investment fund companies makes it unique in the Polish market. ”
Established in mid-1997 by PKO Bank Polski and Swiss financial group Credit Suisse, PKO TFI now manages funds entrusted to it by nearly half a million customers. It offers more than 40 different types of funds and investment programs.
WKB’s team included Partner Anna Wojciechowska, Senior Associate Krzysztof Wawrzyniak, and Associate Monika Obieglo.