The Bank Guarantee Fund on 1 August signed a final agreement for the sale of 100% of the shares in VeloBank S.A. (‘Bank’) to Promontoria Holding 418 B.V., which is indirectly owned by Cerberus Capital Management, L.P., the European Bank for Reconstruction and Development (“EBRD”) and the International Finance Corporation (“IFC”, a member of the
Information on the sale of 100% of VeloBank S.A. sharesRead more …
An affiliate of Cerberus Capital Management, L.P. (“Cerberus”) has signed a preliminary agreement to acquire 100% of the shares of VeloBank S.A (the “Bank” or “VeloBank”). Cerberus has offered a total consideration of PLN 1,075 million for VeloBank shares, comprised of PLN 375 million acquisition price and PLN 700 million recapitalization to meet the Bank’s
Information on preliminary agreement to sell shares of VeloBank S.A.Read more …
