Best with UOKiK approval to takeover Kredyt Inkaso

WSE-listed debt collector Best, received the regulatory approval from the antitrust watchdog UOKiK to takeover its competitor Kredyt Inkaso. This way, the last regulatory hurdle to complete the tender for its shares have been cleared. Back in July, Best announced a tender offer for 4.27 million shares representing a 33.01 percent stake in Kredyt Inkaso at PLN 22 per share. It currently holds 32.99 percent in Kredyt Inkaso. The offer will go through only if at least 3.49 million shares are tendered. Best doesn’t exclude merger of the two companies if it succeeds with the offer. Earlier this week, the tender was extended to August 17, because of lack of the UOKiK approval.