The Warsaw Stock Exchange awarded BESI for the highest total value of initial public offerings on the WSE in 2014. In the three IPOs in which BESI was involved, Prime Car Management, Alumetal and Skarbiec Holding acquired a total of PLN 547 million.
The award for BESI as the most active broker in terms of the value of initial public offerings completed in the past year was presented at a gala event for the 2014 Stock Market Review.
“We want to reward those actors on the Polish capital market who contribute their knowledge, commitment and experience to its development. I hope that in 2015 we will be even more successful in attracting both issuers and investors to the Warsaw Stock Exchange. Brokerage houses and investment banks are WSE’s key partners in doing this” said Paweł Tamborski, President and CEO of the Warsaw Stock Exchange.
BESI owes its position of capital market leader in 2014 to being involved in the sales offers for 55 percent shares of Alumetal (total value of the offer: PLN 293.2 million), 40 percent shares of Prime Car Management (total value of the offer PLN 209.6 million), as well as selling 20 percent shares of Skarbiec Holding (total value of the offer PLN 44.3 million). BESI participated in IPOs carried out by those companies, with a total value of PLN 547 million. 28 companies debuted on the WSE throughout the entire 2014, the figure beating the result for 2013 (23 companies). The total value of public offerings carried out last year totalled PLN 1.3 billion.
“The WSE Award is a great honour for us, especially as it is the result of not one, but many years of hard work of our team. 2014 was the best year for BESI Warsaw in terms of business since the beginning of our six-year presence on the Polish market. This award results from the trust of our customers and it confirms the professionalism, quality and experience of our team” says Bartłomiej Dmitruk, Vice President of the Polish branch of BESI. “I am convinced we have more good years ahead of us. We are expecting that the acquisition of BESI by a new shareholder, China's leading investment bank Haitong International, will be finalised soon. We will thereby consolidate our position as one of the leading investment banks in Poland, with access to key financial centres, including the resources on Asian markets. This will create a number of new opportunities for us and for our customers” added Dmitruk.
The Warsaw branch of BESI Grupo Novo Banco employs nearly 60 experts providing professional and comprehensive advice and services in the area of investment banking. BESI mainly supports Polish companies - the majority of customers are local businesses. Other than IPO, in 2014 BESI organised local corporate bond issue programmes worth PLN 410 million in total. In the debt market, BESI has worked on bond issues for American Heart of Poland, Kredyt Inkaso, Globe Trade Centre and Paged. BESI has also taken part in the largest ABB (accelerated bookbuilding) transaction, conducted last year by the State Treasury - the sale of a PGE block of shares worth PLN 1.3 billion. The bank is also present on the M&A market - one of the transactions it has been involved in was the acquisition of Ciech by Kulczyk Investments, on which it provided advice to the company’s Management Board.
“Our international experience, the knowledge of the local market and access to a broad investor base allows us to create innovative and attractive financing opportunities for our customers. The closing of the sale of BESI to Haitong will allow us to significantly increase the range of those opportunities” says Christian Minzolini, head of the Warsaw branch of BESI Grupo Novo Banco.
Haitong International Securities Group Limited is listed on the Hong Kong Stock Exchange. The current market capitalization of Haitong International Securities Group Limited is about USD 31 billion. Haitong is a full service securities company with an integrated business platform, extensive branch network and a substantial customer base in China, offering securities and futures brokerage (including margin financing and securities lending), investment banking, asset management, direct investment and financial leasing. On 31 August 2014 Standard and Poor's granted Haitong International long-term credit rating "BBB" and short-term "A-2", with a stable outlook.