Idea Bank buys 49.99% stake in Getin Leasing
11:22
Commercial lender Idea Bank has signed a deal to buy a 49.99 percent stake in car leasing company Getin Leasing (GL) from LC Corp BV, an investment vehicle of the bank's controlling shareholder Leszek Czarnecki, Idea Bank said in a market filing.
The value of the deal stands at PLN 184.6 million, plus 49.99 percent in Getin Leasing's 2016 profits for the stake. Idea Bank made a PLN 20 mln advance payment for the stake.
The transaction will be finalized on March 15, 2017 at the earliest.
