GetBack signs letter of intent with foreign industry investor

WSE-listed debt collector GetBack signed a letter of intent with an unnamed foreign industry investor regarding purchasing company’s shares in the planned private placement issue, the company said in a market filing. GetBack added that this investor has not been named in the previous company’s filings. Earlier this month, the company said that it has received declarations from three Israeli investors, Shavit Capital Fund, Leumi Investment Services, and Cukierman & Co Investment House regarding possible capital injection. The transaction is subject to GetBack EGM approval of the planned share issue and should be completed before end-April. GetBack said that it plans to raise PLN 1 billion including in new equity, including PLN 300 million from existing investors and PLN 700 million from foreign financial investors.