Best gets green light to merge with Kredyt Inkaso

Polish anti-monopoly watchdog UOKiK has approved the merger of two debt collectors, Best and Kredyt Inkaso, the office reported. In late September, Best and Kredyt Inkaso reached an agreement in line with which, the merger of the two companies will be carried out by the acquisition of Kredyt Inkaso by Best, ISBnews reported. According to the contract, all of Kredyt Inkaso and Gamex's assets will be transferred to Best. The aim of the merger is to "create a strong Polish group in the European market of debt collecting." Best has directly and indirectly (through Gamex) nearly a 33 percent stake in Kredyt Inkaso. Best has been listed on the Warsaw bourse since 1997, Kredyt Inkaso started trading its shares ten years later.