Kruk acquires portfolio on Italian market for €4 bln

Poland's largest bulk debt collector Kruk has acquired a portfolio with a nominal value of €930 million on the Italian market for € 3.996 billion, the company informed in a market filing. In H1, the company allocated PLN 728 million on debt purchases. The group intends to reach PLN 1 billion in portfolio purchases this year. Kruk is the largest bulk debt collection company in Poland. Currently, it also operates in Romania, Slovakia and Czechia. Since May 2011, the company has been quoted on the Warsaw Stock Exchange.