VeloBank completes purchase of 86.83 pct stake in Noble Funds TFI
The receiver of Getin Noble Bank in bankruptcy and VeloBank lender have completed the transfer of 86.83 percent of the mutual fund Noble Funds TFI shares from the bankruptcy estate of GNB to VeloBank, according to a statement by Marcin Kubiczek, receiver of Getin Noble Bank and Idea Bank. The proceeds from the transaction will go to the bankruptcy estate of Getin Noble Bank and Idea Bank.
As a result of the resolution processes of the two banks, a majority stake in the company remained with the banks and consequently entered the bankruptcy estate.
In mid-January 2024, the receiver invited investors to negotiate the terms of acquisition of Noble Funds TFI shares.
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