Locked content GetBack buys PLN 125 mln debt portfolio

WSE-listed debt collector GetBack purchased a PLN 125 million debt portfolio in a tender held by one of the Polish lenders, the company said in a market filing. GetBack added that by mid-Q3, the company already reached the PLN 912 million figure spent on debt portfolios last year. “Thanks to resourc...

Locked content GetBack debt recoveries up 64%

WSE-listed debt collector GetBack spent PLN 494.2 million on debt portfolios purchases in Q2, 9 percent less than a year earlier, while recoveries shot up by 64 percent to PLN 308.2 million. In H1, GetBack bought portfolios for PLN 739.9 million (26 percent y/y growth), while recoveries increased by...

Locked content GetBack gets UOKiK approval for EGB takeover

WSE-listed debt collector GetBack received the Polish antitrust watchdog UOKiK approval to takeover EGB Investments from Atlus TFI. GetBack bought EGB back in May, acquiring 99.4 percent of its shares for PLN 207.6 million. EGB Investments conducts debt collection activities, assisting banks, financ...

Locked content JP Morgan with over 5% stake in GetBack

Funds managed by JP Morgan Asset Management bought 4.3 million shares representing 5.38 percent stake in the WSE-listed debt collector GetBack. The sale of the shares resulted from the settlement of the pre-financing granted to JP Morgan Asset Management by the Haitong Bank in the bookbuilding proce...

Locked content GetBack to issue PLN 40 mln in bonds

WSE-listed debt collector GetBack wants to raise up to PLN 40 million from the fourth bond issue of its bond issue program, the company said in a market filing. The bonds will mature in 3.5 years and have a variable interest rate based on WIBOR 3M plus 4 percent margin annually. Investors can subscr...

Locked content GetBack mulls entering Spanish market

WSE-listed debt collector GetBack is mulling acquiring a receivables portfolio in Spain this year, as it plans to diversify its operations, CEO Konrad Kąkolweski said. “We understand the Spanish legal system well. We think there are a lot of interesting portfolios as well as a lot of companies that ...

Locked content GetBack sets IPO price at PLN 18.5 per share

WSE-bound debt collector GetBack has set its IPO price at PLN 18.5 apiece, despite earlier reports saying that the price would reach PLN 20. This is the minimum price set in the company’s IPO prospectus and values the offer at PLN 740 million. It’s lower than GetBack original plan to take PLN 400-50...

Locked content GetBack IPO price set at PLN 20 per share – Reuters

WSE-bound debt collector GetBack will set its IPO price at PLN 20 per share, according to the sources quoted by Reuters. The price would be in the lower end of the price range set at PLN 18.5-27 apiece in the IPO prospectus and would value the offer at PLN 800 million. The IPO will include…

Locked content GetBack sets max price in IPO at PLN 27 per share

Debt collector GetBack set its max share price at PLN 27, which puts the value of the IPO at PLN 1.08 billion. The company will offer up to 40 million shares, including 20 million new ones. The company said that it hopes to raise PLN 400-500 million from the new share issue. The company also…

Locked content KNF approves GetBack prospectus

Financial Supervision Authority (KNF) approved the IPO prospectus of the debt collector GetBack. GetBack plans IPO for Q2, or Q3 this year, the company previously said. The IPO will include up to 40 million shares, with half of them being a new issue, and another half will be offered by a single inv...