IDMSA’s stock jumped by 16 percent yesterday on the Warsaw Stock Exchange following news that the brokerage firm has sold its 45 percent stake in Polski Bank Przedsiębiorczości (PBP). Arbis Capital Partners (ACP) increased its stake in PBP, becoming the majority shareholder of the Polish bank. The value of the transaction is being kept confidential, though some market observers speculate that it could be worth PLN 70m. The deal will bring a much-needed cash injection to IDMSA and also help improve its capital adequacy ratio. ACP plans to keep the majority stake in the bank, though it could choose to bring on another minority stakeholder in the future.
