White & Case has advised a banking syndicate on CCC's offer of new series N ordinary bearer shares through an accelerated book-building process valued at over PLN 1.55 billion. Greenberg Traurig advised CCC.
The consortium of banks included Powszechna Kasa Oszczednosci Bank Polski, Trigon Dom Maklerski, Bank Handlowy w Warszawie, Citigroup Global Markets Europe, Bank Polska Kasa Opieki, Pekao Investment Banking, BNP Paribas, mBank, Santander Bank Polska, Banco Santander, and Wood & Company Financial Services.
According to White & Case, the transaction, structured as a private subscription, involved the issuance of 8,157,894 series N shares at an issue price of PLN 190 per share. The offering attracted both Polish and foreign investors, with shares allocated exclusively to selected qualified investors and those acquiring securities with a total value of at least EUR 100,000 in Poland, as well as under certain exemptions from the prospectus requirement and outside the US under Regulation S of the US Securities Act of 1933, as amended.
Moreover, White & Case reports that CCC plans to use the funds raised from the share issue to finance the cash portion of the buyout of Modivo’s minority shareholders (as reported by CEE Legal Matters on February 24, 2025).
The White & Case team in Warsaw included Partner Marcin Studniarek, Local Partner Monika Duzynska, and Associate Dawid Ksiazek.
The Greenberg Traurig team included Partner Rafal Sienski, Senior Associate Grzegorz Socha, and Associates Kamil Nagawski and Szymon Swierszcz.
