Brief: Best maintains interest in merger with Kredyt Inkaso

Kredyt Inkaso SA

22/08/2016 08:52

Aug 22 (Reuters) - Best SA  BSTP.WA : 
    * Despite a tender announcement by Waterland's unit for 66 
pct of Kredyt Inkaso  KRIP.WA , Best still maintains its 
interest in merger with Kredyt Inkaso, Best says in a statement 
    * "I believe that in the event of the successful termination 
of the tender, we will come to an agreement with the new 
shareholder. (...) If the tender fails, after Sept. 12 we are 
going to present our proposal to the existing shareholders" - 
the company's CEO says 
    * Best started negotiations to merge with Kredyt Inkaso in 
Sept. 2015, but dropped them on Jan. 5 as the parties did not 
agree on share exchange ratio  urn:newsml:reuters.com:*:nRSD7zqRRT 
    * Best owns 32.99 pct of Kredyt Inkaso 
    * Waterland's unit announced the tender on July 26 
 urn:newsml:reuters.com:*:nL8N1AX152 
 
     
 Source text: http://bit.ly/2bFNscm 
     
 Further company coverage:  BSTP.WA   
    
 
 
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