Kruk acquires portfolio in Italy

Polish debt collector, Kruk has won a tender to acquire a portfolio from Italian Unione di Banche Italiane Scp, the company informed. The value of the liabilities stands at €83 million, which roughly translates to nearly PLN 357.2 million. In November, Kruk established two subsidiaries based in Milan. WSE-listed Kruk is a bulk debt company and the owner of Rejestr Dłużników ERIF (ERIF Register of Debtors), one of three licensed credit information bureaus in Poland. Since 2007, it has been operating in Romania where it is also a market leader.