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ING Bank Śląski to Acquire Remaining Stake in Goldman Sachs TFI
ING Bank Śląski is acquiring the remaining 55% of Goldman Sachs TFI for 396 million zlotys, gaining full control of the Polish asset manager with 736,000 clients.
Poland’s ING Bank Śląski has agreed to acquire the remaining 55% stake in asset manager Goldman Sachs TFI from Goldman Sachs Asset Management for 396 million zlotys (approximately $108 million). The acquisition will give ING full ownership of the firm, which manages open-ended mutual funds and dedicated portfolios for over 736,000 clients and holds roughly a 12% share of the Polish mutual fund market. ING noted that the transaction is expected to reduce its consolidated capital and Tier 1 ratios by around 34 basis points and will conclude in the first half of 2026, subject to regulatory approvals.