Best, GetBack acquire over PLN 1 bln debt portffolios

WSE-listed debt collector Best acquired a €230 million unsecured debt portfolio in Italy, the company said in a market filing. Another listed collector, GetBack, won a tender for purchase of portfolio worth a nominal ca. PLN 1.2 billion from an unspecified Polish bank, the company said in a filing. “The price offered by the subsidiary is the market price for this type of asset and does not deviate from comparable prices for transactions of this type. Under the terms of the tender, the purchase of receivables will take place after an agreement of the final provisions of the contract, but the bank may not proceed with its conclusion without giving reasons,” GetBack said.