Secapital S.a r.l. signed a letter of intent to acquire Presco Investments S.a.r.l from P.R.E.S.C.O. Group Spolka Akcyjna.

Secapital S.a r.l. signed a letter of intent to acquire Presco Investments S.a.r.l from P.R.E.S.C.O. Group Spolka Akcyjna (WSE:PRE) for approximately PLN 190 million in cash on September 18, 2015. As part of deal, Kruk has the right to administer debt portfolios in Poland, owned by Presco Investments and Presco Investment Fund I NS FIZ with a total nominal value of PLN 2.7 billion. Combined Deal value is PLN 220 million.

The agreement will be conditional on clearance by the President of the Polish Office of Competition and Consumer Protection (UOKiK) and will be signed before October 30, 2015. As of October 21, 2015, the Office of Competition and Consumer Protection (UOKiK) approves the merger.