Intrum Justitia AB: Intrum Justitia acquires debt portfolios in Northern Europe

Regulatory News:

Intrum Justitia (STO:IJ) has entered into agreements to acquire debt portfolios in its Northern Europe region, for a total investment of about 670 MSEK, from two different sellers.

The sellers are large financial institutions and the claims acquired represent well-diversified portfolios of mainly unsecured consumer receivables in Sweden and Denmark. Approximately 600 MSEK of the total investment represent one-off portfolios which are acquired in December 2015 and about 70 MSEK represent forward-flow investments for portfolio acquisitions to be made during 2016.

The investments will be financed by Intrum Justitia’s available cash and credit facilities.

Intrum Justitia is Europe’s leading Credit Management Services (CMS) group, offering comprehensive services, including purchase of receivables, designed to measurably improve clients’ cash flows and long-term profitability. Founded in 1923, Intrum Justitia has some 3,800 employees in 20 markets. Consolidated revenues amounted to about SEK 5.2 billion in 2014. Intrum Justitia AB is listed on Nasdaq Stockholm since 2002. For further information, please visit www.intrum.com

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