Current Report No. 14/2018: Agreement for acquisition of shares in Agecredit S.r.l.

The Management Board of KRUK S.A. (the “Company”) announces that on April 16th 2018 the Company concluded an agreement with the shareholder of Agecredi S.r.l. of Cesena, Italy (“Agecredit”) for acquisition of 51% of the shares in Agecredit  (the “Agreement”). Acceptance of the offer to acquire 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 the shares in Agecredit. Provisions of the Agreement assume the target holding 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 at the PLN/EUR mid-rate quoted by the NBP for April 16th 2018)