Lindorff and Intrum Justitia will merge to create the industry’s largest provider of inkassotjenester, disclosed it in a message.
According to the message will the merger create shareholder value through annual cost synergies of approximately 0.8 billion Swedish kronor, as well as significant inntektssynergier.
the Merger will be carried out by Instrum Justitia will buy all outstanding shares in Lindorff, in exchange for new issued shares in Intrum Justitia. The shareholders of Intrum Justitia and Lindorff will after the merger own, respectively, approximately 53 and 47 per cent of the shares in the company.
the Transaction is unanimously recommended by the boards of both companies, but is conditional of an approval of aksjonrene in Intrum Justitia and the Competition authority.
It is expected that the transaction will be completed in 2. quarter of 2017.
Read the entire message here.
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