Hoist Finance completes UK unsecured operations divestment
Hoist Finance has completed the divestment of the UK credit management subsidiary including its unsecured NPL portfolios, originally announced on 13 April 2022. As previously communicated the enterprise value of the transaction is approx. SEK 4,500 million. The net transaction gain will be higher than previously announced and result after tax amounts to around SEK 200 million and the CET1 ratio is estimated to increase by approx. 260 basis points. For more information, please contact:Ingrid Östhols, Head of Communications & Investor RelationsTelephone: +46 (0) 72 506 1423E-mail: