Polish non-bank brokerage, Ipopema Securities, will acquire Credit Suisse’s Asset Management Polska unit, Bloomberg reports. With the acquisition, Warsaw-based Ipopema seeks to boost its fund management operations by around 60%.

The sale will allow Zurich-based Credit Suisse to focus on investment banking and private banking in Poland. The transaction, whose financial details were not disclosed, is still to be approved by regulators.

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