AIB WBK Fund Management has acquired European Convergence Partners, the company which manages the venture capital Pioneer Poland Fund. The new owner is hoping to restructure and sell the companies in the fund within three years.
AIB WBK Fund Management came into being six years ago and manages the assets of more than forty companies. It has so far invested PLN60m. It is owned by Bank Zachodni WBK (54 percent) and Allied Irish Bank (46 percent).