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KRUK S.A.

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Prenumeration

Beskrivning

LandPolen
SektorFinans
IndustriÖvriga finansiella tjänster
KRUK S.A. is a leader of the debt management market. Over nearly two decades, we have grown from a small firm employing less than 20 staff into a global financial group, specialising broadly in debt management. Currently, the KRUK Group comprises a number of companies offering a comprehensive range of modern integrated services, which we are ready to tailor to the needs and expectations of our partners in order to recover payments owed to them.
Execution of debt assignment agreement on Italian market
2023-12-19 15:45:00

Further to report of December 14th 2023 on Seller’s decision to conclude debt assignment agreement, the Management Board of KRUK S.A. (the “Company”) announces that today agreement (the “Agreement”) was concluded between the Company’s subsidiary – Kruk Investimenti s.r.l. of Milan, Italy, and Deutsche Bank Spa of Milan, Italy (the Seller").

The Agreement provides for the purchase of forward flow unsecured retail debt portfolio with an aggregate nominal value of up to EUR 280m (PLN 1,213m translated at the average exchange rate quoted by the National Bank of Poland for December 19th 2023).
The Agreement stipulates that debt portfolio will be purchased in eight quarterly tranches within 2 years starting from April 2024.
The Agreement does not provide for any contractual penalties, and it’s other terms do not differ from standard market terms applied in agreements of such type.

Contacts
Anna Kowalczyk
tel. no.: +48 71 790 2280
e-mail: ir@kruksa.pl

Tomasz Kałuziak
tel. no.: +48 71 345 6789
e-mail: ir@kruksa.pl

About Us
KRUK Group is a leading European player in debt management sector. The company was established in 1998 and now operates in Poland, Romania, Italy, Spain, Czechia and Slovakia, as well as holds assets in Germany. KRUK is present on Warsaw Stock Exchange in Poland and is also regular issuer of bonds on Warsaw Bond Market - Catalyst.

This information is information that KRUK S.A. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-12-19 15:45 CET.

Attachments
Execution of debt assignment agreement on Italian market

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