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Report: Polish debt collector prices share offering

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Report: Polish debt collector prices share offering

Polish debt collection company Kruk will raise 215 million Polish zlotys via the additional issuance of 1 million shares, having set the offering price at 215 zlotys apiece, news agency PAP reported Dec. 16.

The shares, offered in a private offering via an accelerated book-building process, reportedly attracted both Polish and foreign investors.

Proceeds from the offering will be used to finance the company's further development, mainly in Western Europe, the news report said.

As of Dec. 16, US$1 was equivalent to 4.24 Polish zlotys.