Kruk eyes Italy and Spain

Polish debt collector Kruk is hoping to buy liabilities portfolios in Spain or Italy in the second half of next year, ISBnews reported citing company's CEO, Piotr Krupa. Krupa said that Kruk is ready to operate in Italy as well as in Spain, but "acquiring liabilities portfolio from lenders may take a few months." Kruk is also hoping to acquire a Romanian portfolio which is to reach between €60 million to €70 million, alongside International Finance Corporation (IFC). The entities have already established a special purpose vehicle.  IFC's share is to stand at up to €35 million.