Locked content Esaliens TFI withdraws from merger with Altus TFI

WSE-listed fund manager Altus TFI will not be merging with Esaliens TFI after the latter withdrew from the plan. According to Esaliens, its shareholders would not approve such decision given the current situation, Altus said in a market filing. Both companies signed a preliminary deal back in June w...

Locked content Altus: GetBack arrests won’t affect our operations

After two former executives of the WSE-listed fund manager Altus TFI were arrested in connection with the troubled WSE-listed debt collector GetBack, the company said that it won’t affect its operations “a bit.” “We would like to assure our investors, clients, and contractors that all processes and ...

Locked content Two more people detained in GetBack case

Central Anti-Corruption Bureau (CBA) detained two more people in relation to the GetBack corruption case. GetBack bought shares of another listed company for over PLN 207 million, while their value was estimated at only PLN 28 million, CBA said. Officers also found out that the acquired company had ...

Locked content GetBack shareholders want the company to continue

The Ordinary General Meeting of troubled WSE-listed debt collector GetBack decided on Monday in favor of continuing the company’s activities. At the same time, it did not grant a vote of approval to the former CEO and members of the management board. It includes Konrad Kąkolewski who was dismissed a...

Locked content GetBack proposes to pay bondholders 31%

Troubled debt collector GetBack updated arrangement proposal with bondholders and offered to pay 31 percent instead of earlier planned 27 percent. The adjusted proposal is based on an assessment of the company’s current financial condition and takes into account a lack of investor, ongoing neg...

Locked content Shareholders to decide whether GetBack will exist

On August 27 shareholders of the troubled debt collector GetBack will vote whether the company should still exist, according to the annual general meeting (AGM) agenda. In addition, shareholders will vote on approval of financial statements for 2017, the method of covering 2017 loss and granting dis...

Locked content GetBack postpones Q1 report indefinitely

Troubled WSE-listed debt collector GetBack has postponed the publication of its Q1 results without specifying the new date. Initially, the report was scheduled to be released on July 23. Furthermore, the district court in Wrocław, scheduled a meeting of the company’s creditors for August 28 in order...

Locked content GetBack starts evaluating strategic options

Troubled debt collector GetBack started considering strategic options aimed at improving operations of the company and group. GetBack considers various options such as converting debt into share capital, share capital increase, the sale of in individual assets, the sale of asset classes, and the acq...

Locked content Trigon TFI terminates contract with GetBack

Investment Fund Trigon TFI terminated a contract with GetBack for the management of debt portfolios under the nine Trigon Profit funds. In the coming days, Trigon TFI intends to sign agreements on the management of those debt portfolios with new entities, the company said in a statement. Trigon TFI ...

Locked content Three-month arrest for two detained in GetBack case

District Court for Warsaw-Śródmieście decided on a three-month arrest for two people detained by Central Anticorruption Bureau (CBA) suspected in GetBack case. The court evaluates cases of two other people. Regarding the fifth detained person the prosecutor’s office decided that financial guar...