05 Dec 2025

Addleshaw Goddard Advises ING Bank Slaski on Acquisition of Remaining 55% Stake in Goldman Sachs TFI

"Addleshaw Goddard advised ING Bank Slaski on its acquisition of the remaining 55% stake in Goldman Sachs TFI from Goldman Sachs; Wardynski & Partners, with Freshfields, advised Goldman Sachs. The PLN 396m (approx. EUR 93m) deal will give ING full ownership of the Polish asset manager (ING held 45% since 2019). Completion is expected in H1 2026, subject to regulatory approval."

Addleshaw Goddard advised ING Bank Slaski on the acquisition, while Wardynski & Partners, together with Freshfields, advised Goldman Sachs. The transaction envisages ING Bank Slaski acquiring the remaining 55% stake in Goldman Sachs TFI from Goldman Sachs for PLN 396 million (approximately EUR 93 million). The deal will give ING full ownership of the Polish asset management company; ING had previously acquired a 45% stake in 2019 through ING Investment Holding. Completion is expected in the first half of 2026 and remains subject to regulatory approval. Addleshaw Goddard represented ING Bank Slaski with a team composed by: Partners Marcin Schulz, Daniel Cousens, Monika Krzyszkowska-Dabrowska and Małgorzata Szwaj; Counsels Szymon Sieniewicz and Wojciech Podlasin; Managing Associates Michał Szperzyński, Wojciech Kobyliński, Łukasz Burakowski, Filip Stawicki and Piotr Zbyszynski; Senior Associate Daria Wojciechowska; Associates Justyna Tuleja, Marcelina Sługocka and Yuliia Stepanyk; and Junior Associate Aleksandra Kasprzak. Wardynski & Partners, together with Freshfields, represented Goldman Sachs.
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