Locked content Kruk asks UOKiK for permission to takeover Bison NSFIZ

WSE-listed debt collector Kruk has submitted an application to the antimonopoly watchdog UOKiK for permission to takeover Investment Fund Bison NSFIZ, the office said. The application was submitted on August 17. Bison is a non-standardized securitization closed-end investment fund, currently managed...

Locked content Kruk debt portfolio purchases drop in Q2

WSE-listed debt collector Kruk spent PLN 292 million on debt portfolios in Q2, down by 56 percent y/y, the company said in a market filing. The face value of purchased portfolios dropped by 41 percent to PLN 3.53 billion. Debt recovery went up by 47 percent to PLN 338 million….

Locked content Kruk with €250 mln loan agreement

WSE-listed debt collector Kruk has signed a  revolving €250 million loan agreement with a syndicate of four banks: DNB Bank, BZ WBK, mBank and ING Bank Śląski, the company said in a market filing. Kruk will spend the money on purchase or refinancing of purchase of debt portfolios abroad. “This is a ...

Locked content Kruk buys PLN 1.15 bln liabilities in Romania

WSE-listed debt collector Kruk, through its subsidiary InvestCapital Malta acquired Romanian corporate liabilities worth some PLN 1.15 billion from BRD Groupe Societe Generale, the company said in a market filing. “The successful tender will strengthen our lead on the debt management market in Roman...

Locked content Kruk: Majority of Poles to spend PLN 300-500 on Easter shopping

According to debt collector Kruk study, one-third of Poles will spend between PLN 300-500 on Easter shopping, while 20 percent will spend PLN 500-800, and 5 percent of respondents plan to spend over PLN 1,000. Amongst the polled, 14 percent will spend its savings on holiday shopping, while 4 percent...

Locked content Kruk to continue with M&As, sees 10-20% growth in 2017 – CEO

WSE-listed debt collector Kruk is mulling further takeovers both on domestic and foreign market, company’s CEO Piotr Krupa told the Polish Press Agency. “We are looking at next acquisitions on the German, Spanish, Italian as well as the Polish market.” Krupa also expects this year’s net ...

Locked content Kruk adding Spanish market to its operations

Kruk will acquire shares to operate in the area of ​​debt management on the Spanish market, the company said in a press release on Monday. “According to the offer, the issuer will acquire stock [that is] 100 percent free from any encumbrances and third party rights of the shares,” the statement read...

Locked content Kruk looking for acquisitions

In an attempt to increase its share capital, the Polish company Kruk, which specialises in debt collection, is planning to acquire small and medium-sized companies over the next year.  “Kruk is building an organization in Western Europe of debt and liquidity management, and prefers to finance the pu...

Locked content Kruk acquires portfolio on Italian market for €4 bln

Poland’s largest bulk debt collector Kruk has acquired a portfolio with a nominal value of €930 million on the Italian market for € 3.996 billion, the company informed in a market filing. In H1, the company allocated PLN 728 million on debt purchases. The group intends to reach PLN 1 billion i...