Divestment of Remedy business units to Lowell completed

On 20 March 2018 Intrum completed the sale of the remedy units (RemCo) to Lowell having received the necessary regulatory approvals. This is in line with what was communicated on 2 November 2017.

RemCo was sold at an enterprise value of approximately €730m.

“We are happy to complete the sale of RemCo to Lowell and are pleased that we have found a strong new owner for our former colleagues. The proceeds further strengthen our financial position and we look forward to deploying them as we invest for future growth”, says Mikael Ericson, CEO & President of Intrum.

For further information, please contact:

Mikael Ericson, President & CEO, tel: +46 8 546 102 02

Louise Bergström, Head of Investor Relations tel: +46 8 546 103 42

This information was submitted for publication, through the agency of the contact person set out above, at 17.30 CET on 18.03.20.

About Us

Intrum is the industry-leading provider of Credit Management Services with a presence in 24 markets in Europe. Intrum helps companies prosper by offering solutions designed to improve cash flows and long-term profitability and by caring for their customers. To ensure that individuals and companies get the support they need to become free from debt is one important part of the company’s mission. Intrum has more than 9, 000 dedicated and empathetic professionals who serve about 80,000 companies across Europe. In 2018, revenues amounted to SEK 13.4 billion. Intrum is headquartered in Stockholm, Sweden and the Intrum share is listed on the Nasdaq Stockholm exchange. For further information, please visit www.intrum.com.


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