Business
BEST S A : Plan of merger between BEST S.A. and Kredyt Inkaso S.A. signed by the management boards
BEST S A : Plan of merger between BEST S.A. and Kredyt Inkaso S.A. signed by the management
About this update from Best S.a.
Under the merger plan of the two listed debt management companies, BEST S.A. will acquire the assets of Kredyt Inkaso S.A. in exchange for newly issued shares. Kredyt Inkaso S.A. shareholders will receive merger shares at an exchange ratio of 0.67537 BEST shares for each Kredyt Inkaso share. Following the merger, the anticipated composition of BEST S.A.'s management board will include Krzysztof Borusowski, Marek Kucner, Agnieszka Pakos, and Mariusz Gryglicki, while key managerial positions within the Group will be held by long-standing associates from both merging companies.Under the merger plan adopted by the management boards of both companies, the merger will be executed through the transfer of all assets of Kredyt Inkaso S.A. to BEST S.A. in exchange for shares in the acquiring company. This transfer will take effect on the date the merger is registered in the National Court Register. The newly issued shares will represent 20.5% of BEST S.A.'s increased share capital. The share exchange ratio has been set at 0.67537 BEST S.A. shares for each Kredyt Inkaso S.A. share, with an additional cash payment to the acquired company's shareholders to compensate for fractional shares. The plan of merger between BEST S.A. and Kredyt Inkaso S.A. will be put to a vote during the General Meetings of both Companies to be convened in the near future. - We stand at the threshold of an exciting new chapter in the history of BEST and Kredyt Inkaso. By merging the strengths of both companies, we are unlocking new business opportunities and creating a foundation for long-term shareholder value and further growth. The combined expertise, human capital, and technology of these two leading debt management firms will drive the dynamic expansion of BEST Group. But we are not stopping there. Our vision is built on advanced technologies-'BEST 3.0′ represents the future of fintech in the debt collection industry. We are already investing in artificial intelligence, cloud migration, and big data analytics. These innovations will amplify the potential of both companies, positioning us as the undisputed second-largest player in the Polish debt market and a significant force in Europe, says Krzysztof Borusowski, President of the Management Board and main shareholder of BEST S.A. - The estimated equity of the merged companies will exceed PLN 1 billion. We are confident that this merger ...