December 12, 2013
International law firm Weil, Gotshal & Manges acted as legal counsel on matters of Polish, U.K. and U.S. law to Alior Bank SA, which made its debut on the Warsaw Stock Exchange (WSE) at the end of 2012, in connection with the offering of newly-issued shares in Alior Bank in an accelerated bookbuilding (ABB) process. The issue comprised 6,358,296 new shares in Alior Bank and was addressed to Polish and international institutional investors. The final price for shares in Alior Bank was set on December 6, 2013 at PLN73 per share, which sets the aggregate value of the transaction at approximately PLN464.2 million (approximately EUR110 million or USD151 million). The transaction, which closed today, was the largest-to-date offering of newly-issued shares in an ABB process on the Polish capital market. All new shares in Alior Bank will be introduced to trading on the WSE.
Weil advised Alior Bank on all aspects of transaction structure development and transaction process, including the negotiation of agreements concluded in the course of the transaction, and on regulatory matters.
“We are proud that Alior Bank, once again, given the history of the successful completion of the initial public offering of Alior Bank’s shares in 2012, relied on Weil and entrusted us with providing legal advice on a transaction that was ambitious, demanding and record-breaking on the Polish market,” commented Marcin Chyliński.
Weil’s Warsaw office has a solid track record advising on the most important, largest and most complex deals, including Poland’s largest IPO (PZU) and secondary public offering (BZ WBK), as well as on the largest WSE initial public offerings of private companies, both Polish (Alior Bank) and foreign (New World Resources). “Another such deal solidifies our position as the undisputed leader in Poland in capital markets transactions,” added Anna Frankowska.
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