Collector signs financing agreement with large European corporate group
Gothenburg, Sweden – Collector AB (publ.) (NASDAQ Stockholm: COLL). Collector Bank has agreed on terms for a financing agreement with one of Europe´s leading retail chains regarding factoring and stock financing. The total volume amounts to SEK 1,150 million. A principle agreement has been reached and complete agreements are expected within a few weeks.“This is the largest deal in Collector’s history and is the result of a process aimed at finding a competitive solution while minimizing risk. Collector has demonstrated its capacity to make cross-border factoring efficient in several major