The board of Aforti Holding S.A. headquartered in Warsaw (hereinafter: “the Company”, “the Issuer”) hereby announces to the public that became aware that on November 5, 2018 its subsidiary Aforti Collections S.A. headquartered in Warsaw (hereinafter: “Aforti Collections”) had concluded three separate, significant assignment agreements (hereinafter: “Agreements”) with entities operating in the non-bank loans sector for individual clients.
Acording to the Agreements, Aforti Collections purchased debt portfolios with a total value of PLN 3,735,896.00.
Conclusion of the Agreements constitutes the implementation of the Issuer’s Development Strategy in the scope of gradually increasing the share of Aforti Collections in the debt management market. In the opinion of the Management Board of the Company and the Management Board of Aforti Collections, the steady increase in the value of non-bank loans market for individual consumers observed for several years, as well as the lack of specialized debt collection
structures in companies operating in the indicated industry, allow to build Aforti Collections’ strong position in management and recovery of this type receivables.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information