MJH support in sale of shares in Krajowy Integrator Płatności S.A. („KIP”) to Bank Pekao S.A.

Moskwa, Jarmul, Haładyj i Wspólnicy sp. k. advised shareholder of Krajowy Integrator Płatności S.A. („KIP”) on sale of shares to Bank Pekao S.A. KIP is the operator of Tpay service (processing online payments).

The transaction team was led by partners of the firm – Paweł Moskwa and Karol Kicun and scope of firm’s services included complex legal transactional advisory.

On the basis of the share purchase agreement Bank Pekao will acquire a strategic stake of 38.33% of shares in KIP from the current shareholders of KIP. Closing of the transaction is subject to Polish Financial Supervision Authority (KNF) not objecting the acquisition of the shares in KIP by Bank Pekao. Closing of the transaction is planned at the end of the first quarter or at the beginning of the second quarter of 2021.