Locked content Kruk plans to finish strategic options review in 2018

Debt collector Kruk expects to complete the review of strategic options by the end of 2018, the company informed. In H1 Kruk invested PLN 407 million in debt portfolios and plans to increase acquisitions in Poland and abroad in the second half of the year. In Q2 Kruk recorded a consolidated net prof...

Locked content Kruk buys €302 mln Italian debt portfolio

ItaCapital, a subsidiary of WSE-listed debt collector Kruk, won a tender for the purchase of a portfolio of unsecured retail receivables with a nominal value of approx. €302 million on the Italian market, the company said in a market filing. “The Issuer, with a separate report, will inform immediate...

Locked content Kruk considers delisting as one of the strategic options

WSE-listed debt collector Kruk is currently evaluating possible strategic options for the future and delisting it from the Warsaw bourse is one of them, according to the company’s CEO Piotr Krupa. “It’s one of the possible options. We may find an investor who will want to remain on the exchange. How...

Locked content Kruk may buy PLN 1 bln debt portfolio in Spain

Debt collector Kruk has been chosen as the most favorable buyer of unsecured retail receivables portfolio in Spain. The nominal value of the portfolio is €230 million (PLN 1 billion), the company said. The portfolio consists of over 100,000 consumer claims, and the seller is one of the largest finan...

Locked content Kruk: 41% of Poles spend more than planned on holidays

Over 40 percent of Poles spend more than planned during holidays, Kruk research stated. On average expenses for one person amount to PLN 1,677. Those aged 45-55 spend more: about PLN 2,000. The medium length of holidays is 8 to 13 days. More than one-third of Poles (36 percent) will spend holidays i...

Locked content Kruk’s debt portfolio acquisitions 84% down y/y in Q1 2018

The nominal value of liabilities acquired by debt collector Kruk in Q1 2018 amounted to PLN 600 million, an 84 percent drop y/y. Investment outlays stood at PLN 125 million, a 41 percent decrease y/y, the company stated. “We’ve been closing the final details on several more major transactions, … alt...

Locked content Kruk buys PLN 334 mln debt portfolios

Prokura NS FIZ, a subsidiary of WSE-listed debt collector Kruk, won a tender for the purchase of a portfolio of unsecured retail receivables with a nominal value of approx. PLN 147 million and a portfolio of secured corporate receivables valued at PLN 187 million from one of the largest banks in Pol...

Locked content Kruk to buy Italian collection company

WSE-listed debt collector Kruk will buy 51 percent stake in the collection company operating on the Italian market, the company said in a market filing. Provisions of the offer assume increasing the stake to 100 percent over the next few months. “We are consistently implementing our strategy for 201...

Locked content Kruk hungry for acquisitions

According to the CEO of WSE-listed debt collector Kruk, Piotr Krupa, the company wants to increase its M&A activity. “We feel strong and ready to consolidate the market. I think there will be such occasions. The competitive pressure on the market in previous periods was significant and a lot of ...