White & Case has advised XX ZW Investment Group on the sale of over 9.4 million shares in XTB via an accelerated book-building process.
The global coordinators and joint bookrunners were Santander Bank Polska – Santander Biuro Maklerskie, Banco Santander, and UBS AG London Branch.
XX ZW Investment Group is a Luxembourg-registered majority shareholder in XTB S.A.
According to White & Case, the transaction, valued at more than PLN 733 million, saw the shares sold at PLN 78 per share, representing approximately 8% of XTB’s total share capital. Following the sale, XX ZW Investment Group retains a 35.78% strategic stake in the Warsaw Stock Exchange-listed company. XTB is one of the world’s leading brokers of foreign exchange and CFD derivatives, providing individual investors with access to global financial markets.
The White & Case team included Warsaw-based Partner Rafal Kaminski, Local Partner Monika Duzynska, and Associate Dawid Ksiazek as well as further lawyers in London, Brussels, and Luxembourg.
