M&A Activity • Nov 5, 2018
M&A Activity
Open in ViewerOpens in native device viewer
Concluding the purchase agreements of the debtportfolio by the subsidiary Aforti Collections S.A.
The board of Aforti Holding S.A. headquartered inWarsaw (hereinafter: "the Company", "the Issuer") hereby announces tothe public that became aware that on November 5, 2018 its subsidiaryAforti Collections S.A. headquartered in Warsaw (hereinafter: "AfortiCollections") had concluded three separate, significant assignmentagreements (hereinafter: "Agreements") with entities operating in thenon-bank loans sector for individual clients.
Acording to the Agreements, Aforti Collectionspurchased debt portfolios with a total value of PLN 3,735,896.00.
Conclusion of the Agreements constitutes theimplementation of the Issuer's Development Strategy in the scope ofgradually increasing the share of Aforti Collections in the debtmanagement market. In the opinion of the Management Board of the Companyand the Management Board of Aforti Collections, the steady increase inthe value of non-bank loans market for individual consumers observed forseveral years, as well as the lack of specialized debt collectionstructures in companies operating in the indicated industry, allow tobuild Aforti Collections' strong position in management and recovery ofthis type receivables.
Legal basis: Article 17 paragraph 1 of the MAR -confidential information
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.