Work Service sells two subsidiaries for PLN 174.18 mln

WSE-listed HR company Work Service has sold its IT Kontrakt subsidiary to Oaktree Capital Management private equity fund for PLN 146.86 million, and ProService Worldwide to its shareholder Prologics for PLN 7 million and a “guarantee price” of up to PLN 20.5 million, the company said in market filings. Part of the money from the ITK transaction went into the early redemption of Work Service bonds worth PLN 80 million.