Avida sells Finnish portfolio of overdue private loans to Modhi
Avida has signed an agreement to sell the company's portfolio of overdue Finnish private loans to the debt collection company Modhi. The sale is the first transaction of this type for Avida, and it will be followed by several similar sales in the future.“We experienced great interest in the market for our Finnish private loan portfolio”, says Pehr Olofsson, interim CEO at Avida. After an initial phase with several stakeholders on the buying side, we chose to sign an agreement with Mohdi and their Finnish operations as they offered the best overall solution for us and Modhi has been very