GetBack acquires €637 mln debt portfolio in Spain

WSE-listed debt collector GetBack acquired debt portfolios with a combined nominal value of €637 million from an unnamed Spanish bank, the company said in a market filing. This was the first such purchase in Spain for GetBack. The portfolio consists of some 186k cases of personal unsecured claims. Back in September, the company informed that it has signed a cooperation agreement with two leading Spanish debt management companies, Cobralia Servicios Integrales de Recuperation and Liberto Ventures which will manage the portfolios bought by GetBack on the local market.