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14 May 2024
press release

Poland: Schoenherr advises Santander Bank Polska on financing agreement for OEX's acquisition of Loyalty Point sp. z o.o.

Schoenherr advised on facilitating a financing agreement between Santander Bank Polska and OEX, a publicly listed company, for the acquisition of a majority stake in Loyalty Point sp. z o.o.

Schoenherr provided comprehensive legal advice throughout the process of this high-profile financing agreement. OEX's acquisition of Loyalty Point signifies a strategic move to capitalise on emerging opportunities within the loyalty and rewards sector. The financing provided by Santander Bank Polska will enable OEX to execute its expansion plans, enhancing its position as a key player in the industry.

Santander Bank Polska is part of the Santander Group, one of the largest banking groups in the world. Santander Bank Polska is a trusted partner for individuals and businesses, providing innovative financial solutions tailored to meet the evolving needs of its customers.

Loyalty Point is a technology service company focused on designing, implementing, and managing loyalty programmes. It combines business consulting, proprietary software products, data science, and IT integration capabilities. Those make Loyalty Point a first choice for Tier 1 retailers such as IKEA, Stokrotka, Dechathlon, Lagardere and more.

The Schoenherr team advising on this transaction was led by Ilona Fedurek (partner), who was supported by Aleksandra Kulik (attorney at law) and Gabriela Chrzanowska (associate).

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