Tag Archives: Secondary

Warsaw (PRWEB) March 29, 2013

Greenberg Traurig represented the syndicate of underwriters, led by Deutsche Bank, Citigroup, Morgan Stanley, BofA Merrill Lynch, Credit Suisse, KBC Securities and Santander Expense in the supply and sale by Belgium’s KBC and Spain’s Banco Santander of nearly twenty million shares in Bank Zachodni WBK, a major Polish bank, for four.nine billion PLN (US $ one.five billion), or 245 PLN per share. This was 1 of the most significant secondary supplying of shares in the historical past of WSE.

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The secondary provide was manufactured to eligible buyers, like institutional traders in the European Economic Location, like Poland, and to qualified institutional buyers in the United States pursuant to Rule 144A under the U.S. Securities Act of 1933.

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The Greenberg Traurig crew was led by Shareholders: Federico Salinas&#13

Jarosaw Grzesiak and Pawe Piotrowski, assisted by Senior Affiliate Mateusz Chmielewski and Associates Wojciech Ostapowicz, Magdalena Rams,Aleksandra Mazur, Dorota Jenerowicz, Agnieszka Szypura, Marek Keczek and Mateusz Zaleski.

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In London, Shareholder James Mountain and Associate Nick Quarrie provided English regulation advice.

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Jaroslaw Grzesiak, Warsaw Handling Associate, said, This was by much the premier funds marketplaces transaction in Poland in the previous few of many years and we are very pleased that our expenditure banking clients continue to entrust us with the most complex transactions. Even though final calendar year we have been centered on continuing to offer best good quality lawful services to our consumers throughout the re-branding and our integration inside of Greenberg Traurig, we are now built-in, assured in that integration, and more powerful than at any time in our funds marketplaces supplying.

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Federico Salinas mentioned, Our clientele did a wonderful job positioning this offering in what seems to be a lukewarm worldwide market. We enjoyed assisting in the structuring of what was effectively a hybrid amongst an accelerated-book build and a entirely marketed private placement with an intercontinental providing memorandum. Our staff has developed a considerable diploma of experience in funds markets in the banking sector, which must be translatable to other jurisdictions.&#thirteen

Greenberg Traurig offered Polish, English and US legislation guidance to the underwriters, such as helping in the structuring of the transaction and planning the transaction documentation which includes the Intercontinental Offering Memorandum, the Underwriting Settlement, the Settlement Amongst Supervisors and the Stabilisation Arrangement.

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Weil Gotshal &amp Manges represented BZ WBK and the marketing shareholders. &#thirteen

BZ WBK was proven in 2001 as a consequence of the merger in between Financial institution Zachodni S.A. (BZ) and Wielkopolski Bank Kredytowy S.A. (WBK). AIB was the significant shareholder of WBK and then BZ WBK from 1996 right up until 2011. Considering that 2011, BZ WBK has been part of the Banco Santander Team. Shares in BZ WBK have been outlined on the WSE considering that 2001.

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Greenberg Traurig, LLP is an global, total-services legislation organization with 1750 attorneys serving consumers from over thirty locations in the United States, Latin The us, Europe, the Middle East and Asia. In the U.S., the firm has far more places of work than any other amid the Prime 10 on The Countrywide Legislation Journal’s 2012 NLJ 250. For additional data, remember to pay a visit to http://www.gtlaw.com.

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Greenberg Traurigs Warsaw business office employs attorneys who have amassed enormous expertise and exclusive skills and are rated as major Polish lawyers. The team has been doing work hand-in-hand with the greatest Polish and global companies and establishments from such places as vitality, mining, banking and finance, insurance coverage, telecommunications, media, genuine estate, health care and FMCG. This cooperation embraces aid in lawful and tax issues linked with merger and acquisition transactions, equity markets, privatization and restructuring, personal equity or venture finance transactions, property securitization, as nicely as litigation and arbitration proceedings.

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