Getin Holding S.A. (WSE:GTN) signs letter of intent to acquire 25% stake in Idea Getin Leasing SA from Idea Bank S.A. (WSE:IDA) and LC Corp. B.V. on July 27, 2020. Getin Holding S.A. (WSE:GTN) entered into definative agreement to acquire 25% stake in Idea Getin Leasing SA from Idea Bank S.A. (WSE:IDA) and LC Corp. B.V on December 30, 2020. Getin Holding S.A., LC Corp. B.V. and Idea Bank S.A. expressed will to cooperate in order to conduct due diligence process of idea getin leasing. The transaction will be subject to obtaining approvals from corporate bodies of both parties to the transaction, no objection from the Bank Guarantee Fund acting as the curator of Idea Bank to the resolutions of Idea Bank's bodies and obtaining a positive position by the Polish Financial Supervision Authority for the transaction. The agreement is expected to be signed by September 30, 2020. The letter of intent will expire on January 1, 2021. The completion is expected to close on December 31, 2020. As of December 30, 2020, the transaction is expected to close by March, 2021.

Getin Holding S.A. (WSE:GTN) cancelled the acquisition of 25% stake in Idea Getin Leasing SA from Idea Bank S.A. (WSE:IDA) and LC Corp. B.V. on April 1, 2021. The letter expired due to the failure to complete the transaction as a result of the compulsory restructuring of Idea Bank (Poland).