Rymarz Zdort Maruta advises on sale of Noble Securities to Skarbiec Holding

We are pleased to announce that we advised the bankruptcy trustee of Getin Noble Bank (the “Bankruptcy Trustee”) on the sale of a 100% interest in Noble Securities (the “Company”) to Skarbiec Holding. The closing of the transaction is subject, inter alia, to obtaining clearance from the President of the Polish Antimonopoly Office and the Polish Financial Supervision Authority, as well as the Bankruptcy Trustee obtaining consent to the sale from the relevant bankruptcy authority – a judge-commissioner.

The buyer of the Company was selected by the Bankruptcy Trustee following a process launched in February of this year. The proceeds from the sale will go to the creditors of the bankrupt bank. It will be possible to determine the final sale price of the shares after the annual general meeting of Noble Securities approves its financial statements for 2024 and adopts a resolution on the distribution of profit.

Noble Securities is one of the first non-bank brokerage houses on the Polish capital market, having commenced operations in 1994.

Skarbiec Holding is the parent of Skarbiec Towarzystwo Funduszy Inwestycyjnych (TFI), a leading management company on the Polish market engaged in the management of investment funds and management services for portfolios of financial instruments on a contract basis.

The transaction team included Filip Leśniak (partner) and Diana Sofu (senior associate). Regulatory advice was provided by Katarzyna Łukaszewicz (partner) and Dr Łukasz Karasek (senior associate), who were supervised by Dr hab. Łukasz Gasiński (partner). The work of the transaction team was also supported by Mateusz Palian (senior associate), who advised on bankruptcy law, Tomasz Kordala (senior associate), who advise on antitrust matters, Dr Zbigniew Okoń (partner), who provided advice related to intellectual property law, and Piotr Zawacki (counsel), who advised on tax matters.