XX ZW Investment Group Sells XTB Shares in PLN 733 Million Deal
Deal News | Jun 03, 2025 | CEE Legal Matters
White & Case, a prominent law firm, has advised XX ZW Investment Group in the successful sale of over 9.4 million XTB shares. The transaction, executed via an accelerated book-building process, netted more than PLN 733 million, with shares priced at PLN 78 each. This sale represents 8% of XTB's share capital, allowing XX ZW to retain a strategic 35.78% stake in the Warsaw Stock Exchange-listed firm. The process was coordinated by global financial entities Santander Bank Polska, Banco Santander, and UBS AG London Branch, emphasizing the cross-border nature of the deal. XTB S.A., renowned for its brokerage in foreign exchange and CFD derivatives, continues to be a key player in the financial markets. The advisory team included partners and associates from Warsaw, London, Brussels, and Luxembourg, demonstrating White & Case's extensive reach and expertise.
Sectors
- Financial Services
- Legal Advisory
- Investment Management
Geography
- Poland – XTB S.A. is listed on the Warsaw Stock Exchange, indicating its base of operations and main market.
- Luxembourg – XX ZW Investment Group is registered in Luxembourg, showing its jurisdiction and regulatory base.
- United Kingdom – UBS AG London Branch served as one of the global coordinators, indicating its UK involvement.
Industry
- Financial Services – The transaction involves XTB S.A., a brokerage firm dealing in foreign exchange and CFD derivatives, highlighting its role within the financial services sector.
- Legal Advisory – White & Case's involvement exemplifies the legal advisory industry's role in facilitating major financial transactions.
- Investment Management – XX ZW Investment Group's strategic management of its holdings in XTB falls under investment management.
Financials
- PLN 733 million – Total value of the transaction selling over 9.4 million XTB shares.
- PLN 78 per share – Price at which XTB shares were sold during the transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| XX ZW Investment Group | Selling Company | Company | A Luxembourg-registered majority shareholder of XTB S.A., involved in the sale of its shares. |
| XTB S.A. | Target Company | Company | A leading broker of foreign exchange and CFD derivatives listed on the Warsaw Stock Exchange. |
| White & Case | Legal Advisor | Company | The law firm advising XX ZW Investment Group in the transaction. |
| Santander Bank Polska | Global Coordinator and Joint Bookrunner | Company | Facilitated the sale as a global coordinator and joint bookrunner. |
| Banco Santander | Global Coordinator and Joint Bookrunner | Company | Facilitated the sale as a global coordinator and joint bookrunner. |
| UBS AG London Branch | Global Coordinator and Joint Bookrunner | Company | Facilitated the sale as a global coordinator and joint bookrunner. |