CPF Poland S.A. agreed to acquire 50% stake in Well Well Invest Spólka Akcyjna from BNP Paribas Bank Polska S.A. and ZPS Convita Sp. z o.o. for PLN 10 million.
October 30, 2021
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CPF Poland S.A. agreed to acquire 50% stake in Well Well Invest Spólka Akcyjna from BNP Paribas Bank Polska S.A. (WSE:BNP) and ZPS Convita Sp. z o.o. for PLN 10 million on September 30, 2021. Under the terms CPF Poland S.A. will acquire 2.35 million shares. BNP Paribas Bank Polska S.A. (WSE:BNP) and ZPS Convita Sp. z o.o will sell 5.2% and 44.8% stake respectively. Transaction is financed from internal sources. Well Well Invest Spólka Akcyjna for the period ended December 31, 2020, reported Revenues of PLN 56.1 million, total assets of PLN 57.9 million, operating loss of PLN 0.7 million and net assets of PLN 17.4 million. The Transaction is conditional upon the satisfaction of conditions precedent as specified in the Agreement.
BNP Paribas Bank Polska SA, formerly Bank BGZ BNP Paribas SA and Gospodarki Zywnosciowej SA, is a Poland-based bank. The Bank divides its operations into three segments: Retail Banking includes sales of products and services for individuals, such as current and deposit accounts, term deposits, granting of housing loans and cash loans, mortgage loans, revolving loans, overdrafts, issuing debit and credit cards, service of foreign cash transfers, entering into foreign exchange transactions, among others; Institutional Banking includes sales of products and services for enterprises, companies and cooperatives, individual entrepreneurs, individual farmers, non-profit institutions and public sector entities; and Financial Markets, Assets and Liabilities Management covers activity in the area of financial markets and liquidity management.
CPF Poland S.A. agreed to acquire 50% stake in Well Well Invest Spólka Akcyjna from BNP Paribas Bank Polska S.A. and ZPS Convita Sp. z o.o. for PLN 10 million.
BNP PARIBAS BANK POLSKA S.A. 
