EBRD has accepted on Business Concept level an investment in Asseco SEE

Bank for Reconstruction and Development and Company Asseco SEE has agreed on Business Concept Level for an equity investment in the amount of 15 million Euro and a six year loan facility of 7 million Euro.

London, UK: Bank for Reconstruction and Development and Company Asseco SEE has agreed on Business Concept Level for an equity investment in the amount of 15 million Euro and a six year loan facility of 7 million Euro.

The date for the planned Board approval of the investment is June 30th, 2009. Investment decision was taken by the Bank after careful analysis and full approval of Asseco SEE strategy of growth and development.

The project will help the company to grow further by consolidating its operations in the SEE countries as well as by acquisitions of complementary businesses in the region. The Bank will become a shareholder in the company, along Asseco Poland, and minority shareholders from the region.

The Bank’s financing (both equity and loan) will fund future acquisitions of IT companies in the region, facilitating emergence of a strong, regional information technology company. It is expected that, as a result, ASEE’s will increase client base strengthening its position as a leading software and service provider in the region.