Lindorff agrees to acquire Denmark’s leading debt collection agency EBH Finansservice
9/24/2010 5:35 AM EST
Lindorff Group has reached an agreement to acquire the Danish debt collection agency EBH Finansservice. Investor holds 57 percent (after full conversion) of Lindorff. The acquisition will be financed by a combination of equity and external debt, depending on terms. The two owners, Investor AB and Altor, have agreed to provide any equity need on a pro-rata basis. The maximum amount that could be contributed by Investor is estimated at approximately SEK 550 m.
The transaction is subject to approval from relevant competition authorities, which is expected during the fourth quarter.
For further information:
Oscar Stege Unger, Head of Corporate Communications, Phone 46 8 614 2059, 46 70 624 2059
Magnus Dalhammar, Investor Relations Manager, Phone 46 8 614 2130, 46 73 524 2130
Our press releases can be accessed at www.investorab.com on the Internet. Investor AB is a Nordic-based industrial holding company founded almost one hundred years ago by the Wallenberg family. Today we have investment activities in Europe, the United States and Asia. The business concept is to generate attractive long-term returns for our shareholders by owning and developing companies with solid potential for value creation. We are an engaged owner and apply experience, knowledge and a unique network to develop listed and unlisted companies to make them best-in-class.