VeloBank to acquire a 86.83% stake in Noble Funds TFI.

VeloBank, a Polish universal banka, greed to acquire a 86.83% stake in Noble Funds TFI, a company creating and managing open-end and closed-end investment funds. Financial terms were not disclosed. "When I talked about the obvious directions of growth for us in August this year, I meant, among others, TFI. I am sure that the new offer will attract investors looking for growth and diversification of assets. It is also important for us that in the new structures the company's employees will be able to develop and create new solutions that make it easier for customers to both everyday life and think about the future," Adam Marciniak, VeloBank President of the Management Board.