13 04 2016

Alior Bank acquires the Core Business of Bank BPH from GE Capital

Alior Bank has signed an agreement to acquire Bank BPH’s core business from affiliates of GE Capital. Alior Bank has valued Bank BPH’s core business at PLN 1.5 billion.


The transaction will be conducted by the acquisition of the shares in Bank BPH through a public tender offer followed by demerger of the core business of Bank BPH into Alior Bank. The transaction is to be financed by a rights issue of Alior Bank. Completion of the transaction is subject to fulfillment of conditions precedent, including consent of the relevant antimonopoly authority and approvals and clearances of the PFSA. The transaction is expected to be completed by the end of 2016. Greenberg Traurig advised Alior Bank in the acquisition with a team led by Senior Partner Lejb Fogelman (picture), Partner Stephen Horvath from the London office, and Partner Lukasz Pawlak. Involved fees earner: Stephen Horvath - Greenberg Traurig; Lejb Fogelman - Greenberg Traurig; Łukasz Pawlak - Greenberg Traurig;

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