Skarbiec Holding to acquire Noble Securities from Getin Noble Bank.

Skarbiec Holding, an investment funds and financial instruments portfolios management company, agreed to acquire Noble Securities, a Polish non-banking brokerage house, from Getin Noble Bank, a Polish banking and financial services company. Financial terms were not disclosed. "Buying shares in the brokerage house Noble Securities is primarily the implementation of our strategy in terms of the possibility of offering a wide range of products and services of an investment nature, satisfying the diverse expectations of our clients. At the same time, it is a significant diversification of the sources of revenues and profits of the Skarbiec Group, obtaining significant cost synergies and a strong and promising presence in new market segments, which should benefit our current and future shareholders," Piotr Szulec, Skarbiec Holding President.