Month: December 2020

Rymarz Zdort advised Bank Pekao S.A. (the “Bank”) on the acquisition of a 38.33% stake in Krajowy Integrator Płatności S.A. (“KIP” or the “Company”).

KIP, the operator of the Tpay.com system, is a dynamically developing company with an established position on the Polish market of processing payments in the online sales channel. Thanks to this transaction, the Bank, by forming a strategic partnership in the e-commerce market, will provide to its corporate clients a fully comprehensive payment acceptance offer, supplemented by products intended for the dynamically growing e-commerce market.

The acquisition by the Bank of a strategic stake in KIP is an important leap towards the achievement by the Bank of its strategic objectives concerning digital transformation and digitalisation.

The preliminary share purchase agreement was executed on 21 December 2020. The closing of the transaction, planned for the end of the first quarter and the beginning of the second quarter of 2021, is conditional on the Polish Financial Supervision Authority (KNF) not objecting to the acquisition of the shares in the Company by the Bank.

The firm’s transaction team was headed by Dr hab. Łukasz Gasiński, an attorney-at law and a partner in the corporate department, Marzena Iskierka, an attorney-at law and an associate in the corporate department, and Jacek Zawadzki, an attorney-at law and a partner in the corporate department. The team also included Monika Kierepa, an attorney-at law and a partner in the corporate department, who coordinated the work of the team that conducted the due diligence of KIP.

Rymarz Zdort advised European Logistics Investment (ELI), a dynamically developing logistics platform in Poland, on the purchase of the Wroclaw Business Park warehouse complex from Aviva Investors, as well as in connection with documentation concerning the corporate aspects of the investment and the future extension of the complex. The transaction was executed in cooperation with Panattoni, a market leader in the industrial real property sector.

Wroclaw Business Park is a warehouse complex that currently comprises two warehouses with a total area of approximately 9,500 square metres and is situated in the northeast part of Wrockaw on 10.5 hectares of land. The complex has great potential for expansion and further development.

The firm’s transaction team was headed by Piotr Fedorowicz, an advocate and a partner managing the real estate practice. The team comprised: Karolina Bakowska, an advocate and a senior associate, Tomasz Bakowski, an advocate and a senior associate, Izabela Skrzypczak, a legal advisor and an associate, Tomasz Karkowski, an associate and Michał Kostewicz, an associate.