Debt collector Best bids on 33.01% in Kredyt Inkaso at PLN 22 per share

WSE-listed debt collector Best announced a tender offer for 4.27 million shares representing a 33.01 percent stake in competitor’s Kredyt Inkaso at PLN 22 per share. Best currently controls 32.99 percent of Best shares. 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. Private equity fund Waterland controls 61.65 percent of Kredyt Inkaso.