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Kruk S.A. — M&A Activity 2019
Mar 15, 2019
5678_rns_2019-03-15_88df3443-dcf9-4e06-bca6-71deb409167e.html
M&A Activity
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Current Report No. 9/2019
Date: March 15th 2019
Subject: Letter of intent signed to set key terms of businessacquisition of Wonga.pl
Legal basis: Art. 17(1) of MAR - Inside information
Text of the report:
The Management Board of KRUK S.A. ("KRUK, Issuer") announces that,following a negotiation process, on March 15th 2019 KRUK and WONGAWORLDWIDE LIMITED (IN ADMINISTRATION) of Manchester (the "Seller")signed a letter of intent (the "Letter of Intent") defining the keyterms of a transaction to sell all shares in Wonga.pl sp. z o.o ofWarsaw (the "Company") by the Seller. The Company operates in theconsumer lending market. In accordance with the Letter of Intent, thesale transaction is conditional on acquisition clearance from thePresident of the Office of Competition and Consumer Protection (UOKiK).The agreement will be announced by the Issuer promptly after itsexecution in a separate current report.