Intrum Justitia acquires large portfolio of defaulted bank loans in Germany
Intrum Justitia and Goldman Sachs have jointly agreed to acquire a large portfolio of written-off, non-performing bank loans from one of Germany’s leading banks. The portfolio comprises over 65,000 accounts with an aggregate outstanding principal and interest value of approximately EUR 485 M (approximately SEK 4.5 billion).Jan Roxendal, President and CEO of Intrum Justitia said, “We are pleased to announce this significant acquisition in Europe’s largest economy. Purchase of written-off receivables is a vital part of our offering within Credit Management Services and an important complement