Getin sells Carcade

Artertesia Consulting has purchased Carcade owned by Getin Holding for RUB1 billion, which translates to some PLN 172.5 million, Puls Biznesu daily reported. Getin decided to withdraw from the Russian market due to "high level of economic and political risk related to running business by a Polish entity in Russia," Piotr Kaczmarek, Getin's CEO pointed out. Kaczmarek stressed that the company is not going to leave Belarus nor Ukraine, what's more it is considering expansion in the CEE and Romania.