Getin Noble Bank to sell 25% in Noble Securities

Getin Noble Bank signed a conditional agreement to sell 25 percent stake in Noble Securities to Leszek Czarnecki, the bank said. The approval of Polish Financial Supervision Authority (KNF), which  Czarnecki should obtain, is the necessary condition. The 25 percent stake equals to 874,036 Noble Securities shares. The deal value is set at PLN 36.04 million. Before the agreement, Getin Noble Bank held 100 percent in Noble Securities. Czarnecki also received a call option entitling him to buy additional 25 percent in Noble Securities. The call option should be approved by KNF and can be used after execution of the conditional sales agreement.