Hannes Snellman Counsel to Intrum Justitia in Connection with the Combination with Lindorff
Today Intrum Justitia and Lindorff announced their intention to combine to create the industry leading provider of credit management services. Intrum Justitia will acquire all outstanding shares in Lindorff in exchange for newly issued shares in Intrum Justitia. Based on Intrum Justitia’s closing price at Nasdaq Stockholm as of 11 November 2016, Lindorff’s enterprise value in the transaction is more than SEK 40 billion.
The transaction is conditional upon i.a approval from Intrum Justitia’s shareholders and approvals from regulatory authorities in relevant jurisdictions and the EU competition authorities.
The transaction is expected to close during the second quarter of 2017 depending on the time required for competition and regulatory approvals.
Intrum Justitia is Europe’s leading credit management services group, offering comprehensive services, including purchase of receivables, designed to measurably improve clients’ cash flows and long-term profitability. Intrum Justitia AB is listed on Nasdaq Stockholm since 2002.
Hannes Snellman is the legal advisor to Intrum Justitia in the transaction.