TF Bank buys Intrum’s share of Avarda AB
TF Bank AB announces today that it acquires Intrum’s 49 percent stake in the jointly owned company Avarda. The acquisition is part of TF Bank’s growth strategy in the Sales Finance segment. The acquisition price amounts to SEK 30 million.– It is gratifying that we have reached an agreement with Intrum to acquire all of its shares in Avarda. The company has evolved into an exciting player in the Nordic market, not least shown by the latest deal with one of the largest retailers in the Nordics, Hobby Hall, says TF Bank's CEO Declan Mac Guinness.About AvardaAvarda offers financing