GetBack acquires €246 mln Spanish debt portfolio

WSE-listed debt collector GetBack won the tender to buy debt portfolios with a combined nominal value of €246 million from an unnamed Spanish bank, the company said in a market filing. The company declined to release the price it paid, but according to the filing it is “a market price for such assets comparable to similar transactions.” “We believe that our model of foreign expansion is safe for our investors, and that is what we care about the most. I am very happy that another Spanish bank has chosen our offer as the best, which shows that the decision to enter the Spanish market, which is gaining momentum, was a right one,” company’s CEO Konrad Kąkolewski said.