Idea Bank S.A. (WSE:IDA) announced a private placement of minimum 12,500,000 series O shares and maximum 50,000,000 series O shares at a price of PLN 2 per share for gross proceeds of minimum PLN 25,000,000 and maximum PLN 100,000,000 on October 20, 2020. The transaction will include participation from returning investors Getin Holding S.A. (WSE:GTN) and LC Corp. B.V. The transaction was approved by board of directors of the company at extraordinary general meeting. The transaction is expected to close on December 20, 2020.

On December 15, 2020, LC Corp. B.V. announced that it will not take part in the transaction.