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EBP — Erste Bank Polska SA News Story

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Brief: Erste Bank Polska Plans Transfer Of Erste TFI Control To Erste Group Entity

BRIEF-Erste Bank Polska Plans Transfer Of Erste TFI Control To Erste Group Entity

- Erste Bank Polska SA EBP.WA:

  • TO SELL ONE SHARE OF ERSTE TFI TO AN ERSTE GROUP ENTITY FOR EUR 2,924

  • PLANS FOR ERSTE GROUP ENTITY TO TAKE CONTROL OF ERSTE TFI AS PART OF NEW INVESTMENT PRODUCT DISTRIBUTION MODEL

  • ESTIMATES ONE-OFF IMPACT ON CONSOLIDATED NET RESULT AT ABOUT 540 MILLION ZLOTYS FROM VALUATION OF REMAINING TFI SHARES

  • ERSTE TFI TO LOSE SUBSIDIARY STATUS AS A RESULT OF PLANNED TRANSACTION AND BE ACCOUNTED FOR AS ASSOCIATE USING EQUITY METHOD

Source text: ID:nEM6KZhkNa

Further company coverage: EBP.WA


(Reporting by Gdansk Newsroom)

((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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