International law firm Weil, Gotshal & Manges LLP announced today that it is acting as legal counsel on matters of Polish, UK, and US law to Alior Bank S.A. (“Alior”), a fast-growing Polish retail and commercial bank that launched its operations at the end of 2008, on its IPO, which includes a primary offering by Alior and a secondary offering by Carlo Tassara S.p.A. – through its Luxembourg subsidiaries – of a part of its stake in Alior. On 4 December 2012, the Alior’s shares were priced at PLN 57.00 per share, which means that the value of Alior’s IPO will total approximately PLN 2,098 million (approximately EUR 508 million). It is expected that the trading in Alior shares will commence on the Warsaw Stock Exchange on 14 December 2012.
Marcin Chyliński, the partner who co-led Weil’s team, commented, “We are proud to be a legal advisor to Alior Bank in connection with its high profile IPO. This is expected to be the largest IPO on the Warsaw Stock Exchange of a Polish private company to date and the largest IPO on the Warsaw Stock Exchange in 2012. It was a very challenging transaction, specifically in light of the current market conditions, the complexity of the regulatory issues connected with the transaction and the legal and financial standing of Carlo Tassara S.p.A. capital group.”
Weil’s team was co-led by the managing partner of Warsaw office Pawel Rymarz and Warsaw Capital Markets partners Marcin Chyliński and Anna Frankowska. It also included: Warsaw Tax partner Robert Krasnodebski, counsel Łukasz Gasiński, senior associate Jacek Zawadzki, and associates Maciej Wróblewski and Katarzyna Kwapisińska; London Capital Markets partners Robert Ferguson and Peter King and associates Lauren Pau and Georgina Wilson; New York Capital Markets partners Matthew D. Bloch and Heather L. Emmel; and Washington, DC Tax partner David I. Bower.
