Locked content Altus TFI faces KNF fine

Financial Supervision Authority KNF launched an administrative procedure aimed at imposing fines on the WSE-listed fund manager Altus TFI, the company informed in a market filing. The case concerns potential misrepresentation of Centrum Finansowe Banku BPS share valuation. Altus also informed that i...

Locked content Former Altus CEO leaves jail with record-high bond

Piotr Osiecki, the former CEO of asset manager Altus TFI Piotr Osiecki was allowed to leave arrest after posting the record-high bail of PLN 108 million, the Warsaw district court decided. Former management board member Jakub Ryba was also granted the release with PLN 1 million bail. Both men were d...

Locked content Altus TFI will close 6 funds

Altus TFI asset manager decided to liquidate six subfunds. As of September 5, the net asset value of the funds amounted to PLN 128.7 million. The total value of net revenue from these funds amounted to PLN 2.1 million in H1 and accounted for 3 percent of total revenue, Altus TFI said. Equity, Polish...

Locked content Esaliens TFI withdraws from merger with Altus TFI

WSE-listed fund manager Altus TFI will not be merging with Esaliens TFI after the latter withdrew from the plan. According to Esaliens, its shareholders would not approve such decision given the current situation, Altus said in a market filing. Both companies signed a preliminary deal back in June w...

Locked content Altus: GetBack arrests won’t affect our operations

After two former executives of the WSE-listed fund manager Altus TFI were arrested in connection with the troubled WSE-listed debt collector GetBack, the company said that it won’t affect its operations “a bit.” “We would like to assure our investors, clients, and contractors that all processes and ...

Locked content Altus TFI agrees on merger plan with Esaliens TFI

Altus TFI agreed on a merger plan with Esaliens TFI, according to which Altus TFI will receive the entire assets of Esaliens TFI in exchange for 11.5 million shares.  The share capital of Altus TFI will be increased by PLN 1.2 million through the issue of 7.7 million new series I ordinary shares and...

Locked content Altus TFI to merge with Esaliens TFI

At the end of May investment fund Altus TFI started negotiations regarding the merger with Esaliens, the company said. Altus TFI will take over the assets of Esaliens TFI. In exchange, Esaliens TF shareholders will receive newly issued Altus TFI shares. The final merger plan will be disclosed in Jun...

Locked content Altus files motion to UOKiK on BPH TFI takeover

Altus Agent Transferowy has filed a motion to the antitrust watchdog UOKiK regarding the takeover of the BPH TFI investment fund, which approval is necessary to complete the transaction. Earlier this month, Altus TFI, announced that it has signed a conditional deal to acquire 100 percent stake in BP...

Locked content Altus TFI to takeover BPH TFI

Altus TFI announced that it has signed a conditional deal to acquire 100 percent stake in BPH TFI investment fund. This is Altus third attempt to acquire its peer. First one was in 2014, while another attempt was made two years later. Both times, the sides could not agree on the terms of the transac...

Locked content Altus TFI to buy LifeTube

Altus TFI is buying a controlling stake in LifeTube, LifeTube announced in a press release. Details of the transaction were not disclosed. LifeTube is a multi-channel network belonging to YouTube. It operates in the CEE region, and has over 30 million subscribers and 225 million views per month. Alt...