WARSAW: Private equity group Abris Capital Partners signed a deal to sell its full stake in FM Bank PBP to a fund controlled AnaCap financial Partners, Abris said in a press statement.
“We are certainly satisfied with the price we obtained in the process,” Abris senior partner Pawel Gieryski is cited in the statement. Abris has been given to end-April 2015 to sell its entire stake in the bank, following an order by the Financial Market Authority (KNF) from November 18.
The regulator had previously issued a similar order but withdrew it in July citing legal risks. The KNF wants Abris to sell its shares in the bank due to the investor’s failure to meet prior obligations, the KNF said. Abris plans to buy several companies on the Polish market this year, Abris senior partner Pawel Gierynski said, at the same time denying rumors that Abris might back out from Poland due to tension with the financial market watchdog KNF.
