White & Case M. Studniarek i Wspólnicy - Kancelaria Prawna sp.k.: White & Case advises on XTB shares sale

9-02-2024
Global law firm White & Case LLP has advised Luxembourg-registered XX ZW Investment Group S.A., the majority shareholder in XTB S.A., on the sale of a portion of its shares in XTB through an accelerated book-building process.
The PLN 482 million transaction included the sale of more than 11.7 million shares at PLN 41 per share, constituting 10 percent of the shares in XTB. Following the completion of the sale, XX ZW Investment Group remains a strategic investor in XTB, holding 50.93 percent of its shares. The shares were sold only to selected qualified investors and/or investors acquiring securities with a total value of at least €100,000 in Poland and outside the US under Regulation S pursuant to the US Securities Act of 1933, as amended.
 
The Offer Managers included Santander Bank Polska S.A. - Santander Biuro Maklerskie, BANCO SANTANDER S.A. and UBS AG London Branch, acting as Global Coordinators and Joint Bookrunners.
 
XTB is one of the largest global brokers of FX & CFD contracts listed on the Warsaw Stock Exchange. It provides individual investors with access to financial markets around the world.
 
The White & Case team that advised on the transaction included partners Rafał Kamiński (Warsaw) and Inigo Esteve (London), counsel Willem Van de Wiele (Brussels & Luxembourg) and associates Damian Lubocki (Warsaw), George Davie (London) and Madeline Tardif (Brussels).

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