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Best SAKredyt Inkaso majority shareholders conclude agreement on potential merger with Best
Listed debt collector Best's main shareholders and management board members Krzysztof Borusowski and Mark Kucner, have entered into an investment agreement with Waterland, the majority shareholder of listed debt collector Kredyt Inkaso, prior to the merger of Best and Kredyt Inkaso, Kredyt Inkaso said in a press release.
As indicated in the press release, the main shareholders of Kredyt Inkaso, Waterland and Best, have initiated a process that may result in a merger of the companies, through the transfer of all Kredyt Inkaso's assets to Best.
The two shareholders have concluded an agreement to this effect, and the management boards of Kredyt Inkaso and Best have signed a merger plan.
It has been indicated that after obtaining the relevant opinion of the court expert and the necessary internal approvals, Kredyt Inkaso and Best will convene general meetings in order to put the relevant resolutions in this matter to a vote of their shareholders.
The possible merger has already been approved by Poland's antitrust and consumer protection regulator UOKiK.
"The merger of Best with Kredyt Inkaso has been our important strategic objective for a long time. It was with this intention that we made a capital commitment to the company in 2015. (...)," said CEO of Best Krzysztof Borusowski, quoted in the press release.
"From our perspective, Kredyt Inkaso is a partner that brings to the group not only its assets, but also its operational and financial potential and a professional team," he added.
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