Collector Bank signs major new factoring agreement
Collector Bank has entered into a new, extensive factoring agreement with six of Valora International AG’s subsidiaries. Operations include factoring for Valora’s operations in Sweden, Norway, Finland and Den- mark. The agreement involves a new credit of approximately SEK 800m, corresponding to an annual fac- toring volume of approximately SEK 5,000m.Valora International operates in the areas of food products, skincare and cosmetics. End customers include major grocery chains such as Axfood, SOK, Coop and Ica. Valora is a retailer of several well-known brands, including Pepsi and Kelloggs.