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Kruk S.A. — M&A Activity 2019
Apr 30, 2019
5678_rns_2019-04-30_4bedda26-85f2-4180-8fd5-ea7fb408c377.html
M&A Activity
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Current Report No. 16/2019
Date: April 30th 2019
Subject: : Agreement for acquisition of shares in Wonga.pl sp. z o.o.
Legal basis: Art. 17(1) of MAR - Inside information
Text of the report:
The Management Board of KRUK S.A. ("KRUK, Issuer") announces that, onApril 30th 2019 KRUK and WONGA WORLDWIDE LIMITED (IN ADMINISTRATION) ofManchester (the "Seller") concluded an agreement for acquisition of 100%of the shares ("Agreement") in Wonga.pl sp. z o.o of Warsaw (the"Company"). The Company operates in the consumer lending market. Thetransaction value is PLN 97.1m, comprising the value of Company shares,ownership of the brand (PLN 3.0m) and repayment of the Company'sliabilities assumed from the Seller (PLN 94.1m). The information onsigning a letter of intent between the Issuer and the Seller wasannounced in the Company's Current Report No 9/2019 of 15 March 2019.