How the sale of a controlling stake of LC Corp SA was conducted?
Agreement on placing and offering the LC Corp shares at the end of the bookbuilding process.
We advised the main LC Corp shareholders on the sale of a controlling stake. LC Corp is a development company involved in commercial and housing investments in six of the largest cities in Poland. The company is best known for its investment in the Sky Tower office block (the tallest building in Poland), the Arkady Wrocławskie shopping centre and the Wola Center office block in Warsaw.
The sale was carried out in an accelerated bookbuilding process. The value of the shareholding sold by the main shareholders: Leszek Czarnecki and the companies LC Corp BV, Getin Noble Bank, Open Finance and Open Life TU Życie, of over 229 million shares (51.17% of share capital) was ca. PLN 481 million.
The selling shareholders concluded an agreement on placing and offering the LC Corp shares at the end of the bookbuilding process with Mercurius Brokerage House (Global Coordinator), mBank and Trigon Brokerage House (Joint Book Runners) and the financial advisers, mCorporate Finance and Trigon Investment Banking.
From 25 May 2018 the General Data Protection Regulation (GDPR) applies in Poland and other European Union countries. We would therefore like to give you several details on the subject of how DZP processes personal data.
The administrator of the personal data is Domański Zakrzewski Palinka Sp.k. (“DZP”; address: Rondo ONZ 1, 00-124 Warszawa). Data are processed for contact purposes and to impart information on changes to provisions and authority practices and on other issues, including events concerning day-to-day legal, economic and cultural issues, inter alia, by sending DZP newsletters. The above is carried out on the basis of legitimate interests, i.e. in accordance with art. 6(1)(f) of the GDPR. Data can also be processed where necessary for the conclusion or performance of a contract and for compliance with a legal obligation to which DZP is subject, i.e. pursuant to art. 6(1)(b) and (c) of the GDPR. Data can be transferred to entities with whose help DZP achieves the indicated aims, including entities maintaining IT infrastructure. Giving data is voluntary and in contractual relations is a requirement for concluding and performing a contract. It is possible to object to data processing, request access to, rectification and erasure of personal data or restriction of processing and data portability. Data are kept until an objection is made, and in contractual relations – throughout the term of the contract and thereafter for a period specified in provisions on archiving and limitations period for claims. Anyone has the right to file a complaint with the President of the Personal Data Protection Office. Questions concerning privacy at DZP can be sent to DZP’s Data Protection Inspector, Macieja Maciejewskiego, at: firstname.lastname@example.org.
New rules on cookies: Domański Zakrzewski Palinka sp.k., as the service provider of the www.dzp.pl website, stores and accesses cookies, i.e. small text information fles sent by a web server and stored on your hard drive, or other data storage medium of a user, for the purposes of: proper functioning of the www.dzp.pl website, confguring the www.dzp.pl website, security and reliability of the www.dzp.pl website, session monitoring, providing advertisements, personalization of the displayed information to the user, or analysis, statistics, research and website trafc auditing.