Poland’s ING Bank Slaski moves to full ownership of Goldman Sachs TFI

Anabelle Colaco
20 Nov 2025, 10:05 GMT+10

ING Bank Slaski is set to take complete control of Goldman Sachs TFI after agreeing to buy the portion of the Polish asset manager it does not already own
This marks a significant expansion of the bank’s presence in the country’s investment-fund market
The lender said it will acquire the remaining 55 percent stake in Goldman Sachs TFI from Goldman Sachs Asset Management International Holdings for 396 million zlotys (US$108 million)

KATOWICE, Poland: ING Bank Slaski is set to take complete control of Goldman Sachs TFI after agreeing to buy the portion of the Polish asset manager it does not already own, marking a significant expansion of the bank's presence in the country's investment-fund market.

The lender said it will acquire the remaining 55 percent stake in Goldman Sachs TFI from Goldman Sachs Asset Management International Holdings for 396 million zlotys (US$108 million). ING Bank Slaski, the Polish arm of ING Groep, already holds the other 45 percent through a subsidiary.

Goldman Sachs TFI manages open mutual funds across multiple asset classes and oversees dedicated asset-management portfolios. It serves more than 736,000 clients and is the second-largest player in Poland's capital-market mutual fund segment, with a market share of about 12 percent, ING said.

The bank noted that the final purchase price will be adjusted to include a dividend equivalent covering the period from January 1, 2026, to the month prior to the transaction's close.

ING Bank Slaski said it expects the acquisition to reduce its consolidated total capital ratio and Tier 1 ratio by around 34 basis points, reflecting the impact on key financial-strength measures.

The transaction is expected to close in the first half of 2026, pending regulatory approval.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Sierra Leone Times.

More Information

Business

Section

Poland’s ING Bank Slaski moves to full ownership of Goldman Sachs TFI

KATOWICE, Poland: ING Bank Slaski is set to take complete control of Goldman Sachs TFI after agreeing to buy the portion of the Polish...

World Markets Diverge as U.S. Tech Lifts Sentiment,

NEW YORK, New York - U.S. stock indices closed Wednesday's session firmly in positive territory, driven by a resurgence in technology...

U.S. equities to outperform global peers, says Morgan Stanley

NEW YORK CITY, New York: Morgan Stanley is turning more optimistic on U.S. equities heading into 2026, boosting its year-end target...

Dyed hair, nail art now OK as Japan relaxes workplace appearance rules

TOKYO, Japan: Faced with a shrinking workforce and fierce competition for young staff, more Japanese companies are easing long-standing...

Flydubai leans toward Airbus in landmark jet deal, sources say

DUBAI, U.A.E.: Airbus is on the verge of scoring a breakthrough in the narrow-body market, with flydubai preparing to hand the European...

U.S. stocks and markets worldwide sold off

NEW YORK, New York - Wall Street closed a turbulent session firmly in the red on Tuesday, led by a sharp sell-off in technology shares...

Africa

Section