EBRD enters capital market via stake in CA IB TFI

The European Bank of Reconstruction and Development has finally become a shareholder in the CA IB TFI investment fund which was planned back in June last year. The bank recently took over a 17.13% stake worth zl. 4 million and will soon buy another 2.6% stake. "We want to support the development of the local capital market. We chose this partner based on its results and experience," said Irene Grzybowski responsible for EBRD operations in Poland. According to CA IB TFI president Grzegorz Swietlik, the capital injection will help the fund launch new products and the bank will also acquire units in other investment funds. It is likely that an EBRD representative will soon join the supervisory board. (Puls Biznesu, pp. 1, 5) M.M.