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Kruk S.A. — M&A Activity 2018
Apr 16, 2018
5678_rns_2018-04-16_4b23f470-d845-4fa7-b762-22c1e78b7a13.html
M&A Activity
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Current Report No. 14/2018
Date of the report: April 16th 2018
Subject: Agreement for acquisition of shares in Agecredit S.r.l.
Legal basis: Art. 17(1) of MAR - Inside information
Text of the report:
The Management Board of KRUK S.A. (the "Company") announces that onApril 16th 2018 the Company concluded an agreement with the shareholderof Agecredi S.r.l. of Cesena, Italy ("Agecredit") for acquisition of 51%of the shares in Agecredit (the "Agreement"). Acceptance of the offer toacquire the Shares was announced in the Company's Current Report No.11/2018 of March 28th 2018.
The subject matter of the Agreement is the acquisition of 51% of theshares in Agecredit. Provisions of the Agreement assume the targetholding of 100% shares in the Agecredit in the next few months.Agecredit's business involves credit management services in Italy.Agecredit's 2017 consolidated revenue amounted to EUR 3.1m (PLN 13m atthe PLN/EUR mid-rate quoted by the NBP for April 16th 2018).