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PRA Group completes tender offer to acquire Polish debt collection firm

PRA Grouphas completed its public tender offerto acquire DTP SA, a Warsaw-based debt purchaser and collector.

The offer to purchase shares was completed on April 26. As ofthat date, 99.73% of the shares in DTP had been tendered at PLN 4.90 per share,or about US$1.26 per share. The aggregate purchase price was PLN 174.5 million,or about US$45.0 million.

PRA Group received all approvals and filed all notices requiredfor the tender's completion. The company intends to purchase all remaining sharesof DTP through Polish regulatory procedures in order to own 100% of the company.It will then withdraw DTP's shares from public trading and delist it from the WarsawStock Exchange.