Warsaw, 18 August 2016 - WPEF VI ('Waterland') received unconditional approval from Poland’s Office of Competition and Consumer Protection (UOKiK) for the acquisition of shares in Kredyt Inkaso S.A. Waterland’s tender offer for 66% of the Polish debt collector, announced in July, was subject to conditions including approval by competition regulators.
“We are pleased by the fast and positive decision of the anti-monopoly office,” said Maciej Szymański, Principal for Waterland in Poland.
Subscriptions to sell Kredyt Inkaso shares will be accepted until Aug. 29. Waterland is offering PLN 25 per share in the first part of the process, through Aug. 23. For the remainder of the period, i.e. from Aug. 24 to Aug. 29, the price will be PLN 20 per share. The transaction will become binding on the condition that shareholders in Kredyt Inkaso subscribe to sell at least 60% of the total number of shares.
The planned purchase will be the first investment platform for the fund in Poland, and its largest investment in this part of Europe.