Intrum divests business units to Lowell for EUR 700 million
Intrum has entered into a definitive agreement with Lowell, a European credit receivables management company, to divest Lindorff’s businesses in Denmark, Estonia, Finland and Sweden as well as Intrum Justitia’s business in Norway (“The Divested Group”). The transaction values The Divested Group at EUR 730 million on an enterprise value basis, with estimated cash proceeds of about EUR 700 million to be received by Intrum. Management of Intrum is confident that the divestment will fully honour the commitments made to the European Commission in relation to the approval of the combination of