Polands Kruk to launch debt collection services in Hungary.

By bne IntelliNews March 7, 2012
The leading Polish debt collector Kruk plans to launch activities on the Hungarian market in 2012, MTI news agency reported, citing an article in Polish daily Rzeczpospolita. Kruk signed an agreement on October 7, 2011 to acquire Hungarian peer SH Money, which holds a licence to purchase debts in Hungary. The value of the acquisition was not disclosed. The deal is still awaiting the approval of the financial market regulator PSZAF. Kruk is also present on the Czech and Romanian markets.

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