What about Kviku?

Benjamin Gabriel Kowalzik

• October 18, 2024 18:53

Does anyone have any new information regarding the receivables from Kviku? There has been no information on the Mintos website for over a year. 

2

• 

  Lad

  • October 24, 2024 10:44

  You can see the news in the Overdue section in the Status column if you have any overdue loans. Usually, it's updated every month, e.g.:
  
  

  2024

  October 8

  € 1 706Recovered

  € 42 360 904Remaining

  50%-75%Expected recovery

  Expected time to be determined

  We’re negotiating a new agreement with a third party, as the previous option agreement signed has not brought the result we expected. The terms of the deal are being discussed now.

  September 5

  € 1 706Recovered

  € 42 360 904Remaining

  50%-75%Expected recovery

  Expected time to be determined

  The signing of the option agreement to buy the debt was concluded back in December 2023. Since then the buyer has performed some activities in order to assess the likelihood of exercising this option and overall still looks positively on exercising it. The process, however, takes longer. As a reminder, Kviku was not cooperative and instead used doubtful activities to avoid paying its debts. We’ll update you when we have new information.

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