Allegro Z2bn deal closes as 'lessons learned' in local market

Poland Flag Fotolia 230x150
By Mariam Meskin
23 May 2019

Poland e-commerce platform Allegro has completed its Z2bn dividend recap refinancing, receiving healthy oversubscription with the participation of local lenders. But some in the market said that co-operation between international and local lenders in Poland has not been all sunshine and rainbows.

The €470m-equivalent deal was closed on Wednesday and is the largest loan in CEE this year so far, having been labelled by some bankers as one of the "highlights of lending" in emerging Europe this year. 

The deal was well oversubscribed according to bankers close to it. Bank Pekao, ...

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