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Polish debt collector GetBack inks letter of intent with potential investor

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Polish debt collector GetBack inks letter of intent with potential investor

GetBack SA signed a letter of intent with an unnamed foreign investor, which is analyzing a potential purchase of shares to be issued in upcoming offerings, the Polish debt collector said March 21.

The potential acquisition would take place via a private subscription and would be finalized by April 30. The company earlier said it was in talks with three investors from the U.S. and Israel regarding the acquisition of shares, but that the potential buyer that signed the letter of intent is not one of them.

The debt collector said at the beginning of March that it plans two issuances, of up to 19,999,999 shares and 50,000,000 shares, with some amount to be offered to foreign investors. GetBack's main shareholder, Abris, recently said it wants to participate in the first offering to maintain its stake in the company.