Locked content Kruk gets green light to acquire Presco Investments

Polish anti-monopoly watchdog UOKiK has approved the acquisition of Presco Investment I NS FIZ by Kruk Towarzystwo Funduszy Inwestycyjnych (Kruk TFI), the office reported. Kruk and Presco signed a letter of intent in September with a view to purchasing the entire holding  and taking over the portfol...

Locked content Kruk acquires portfolio in Italy

Polish debt collector, Kruk has won a tender to acquire a portfolio from Italian Unione di Banche Italiane Scp, the company informed. The value of the liabilities stands at €83 million, which roughly translates to nearly PLN 357.2 million. In November, Kruk established two subsidiaries based in Mila...

Locked content Kruk TFI to acquire Presco Investment

Kruk Towarzystwo Funduszy Inwestycyjnych (Kruk TFI) has applied to the anti-monopoly watchdog UOKiK for the acquisition of Presco Investment I NS FIZ, the office reported. Kruk and Presco signed a letter of intent in September with a view to purchasing the entire holding  and taking over the portfol...

Locked content Kruk allocates bonds

Polish debt collector, Kruk has allocated 300,000 bonds worth PLN 30 million through public offering, the company reported. The bonds have a floating interest rate that will be determined based on the three-month WIBOR interest rate, plus investors’ markup amounting to 2.9 percent. In December...

Locked content Kruk eyes Italy and Spain

Polish debt collector Kruk is hoping to buy liabilities portfolios in Spain or Italy in the second half of next year, ISBnews reported citing company’s CEO, Piotr Krupa. Krupa said that Kruk is ready to operate in Italy as well as in Spain, but “acquiring liabilities portfolio from lende...

Locked content Kruk buys liabilities worth over PLN 700 mln

Poland’s largest bulk debt collector Kruk has won a  tender to purchase a liabilities portfolio worth PLN 718 million from Poland’s largest lender PKO BP, the media reported citing a company press release. According to the debt collector, the transaction is the second biggest completed t...

Locked content Kruk net profits at PLN 107.66 mln

Polish bulk debt collection company Kruk S.A reported a consolidated net profit of PLN 107.66 million in H1 2015, compared with PLN 100 million in H1 2014, the company informed on Monday. Kruk’s operating profit amounted to PLN 126.09 million, versus PLN 128.61 million in the previous year. Sa...

Locked content Kruk to issue bonds worth PLN 100 mln

Poland’s largest bulk debt collector Kruk decided to issue uncovered bonds maturing in 6 years worth up to PLN 100 million, the company informed. The bonds will be traded on the Catalyst market and their issue will take place no later than July 31, 2015. “The money raised will be used fo...