Poland’s Getin Holding S.A. starts preparations to sell Belarus-based Idea Bank
<p> MINSK, Jul 9 - PrimePress. Poland’s Getin Holding S.A. has started making preparations for a potential sale of the Belarus-based Idea Bank. The Polish Group stated that in their current report № 17/2020 published on the corporate website on July 8. </p> <p> </p> <p> “The Management of Getin Holding S.A. (the Issuer) hereby reports that with reference to the fact that it received two indicative offers to purchase interest in Idea Bank S.A. the Issuer’s subsidiary company based in Minsk, Belarus (Idea Bank Belarus, the Bank), it decided to take steps aiming at potential sale of all shares held in Idea Bank Belarus.” </p> <p> </p> <p> The intended steps include making it possible for potential buyers to carry out due diligence in the Bank, and after its positive completion establishing terms for the potential sales transaction. The Issuer shall report subsequent stages of the potential sales transaction process in current reports. </p> <p> </p> <p> Idea Bank (known as Sombelbank till February 2013), with 100% foreign capital, was registered in April 2004. Polish Getin International S.a.r.l. has a controlling stake in the bank. End </p>
2020-07-10
Primepress
MINSK, Jul 9 - PrimePress. Poland’s Getin Holding S.A. has started making preparations for a potential sale of the Belarus-based Idea Bank. The Polish Group stated that in their current report № 17/2020 published on the corporate website on July 8.
“The Management of Getin Holding S.A. (the Issuer) hereby reports that with reference to the fact that it received two indicative offers to purchase interest in Idea Bank S.A. the Issuer’s subsidiary company based in Minsk, Belarus (Idea Bank Belarus, the Bank), it decided to take steps aiming at potential sale of all shares held in Idea Bank Belarus.”
The intended steps include making it possible for potential buyers to carry out due diligence in the Bank, and after its positive completion establishing terms for the potential sales transaction. The Issuer shall report subsequent stages of the potential sales transaction process in current reports.
Idea Bank (known as Sombelbank till February 2013), with 100% foreign capital, was registered in April 2004. Polish Getin International S.a.r.l. has a controlling stake in the bank. End