Intrum Justitia acquires bank loan portfolio in the United Kingdom
Intrum Justitia acquires bank loan portfolio in the United Kingdom Intrum Justitia and Goldman Sachs have jointly entered an agreement to purchase an unsecured bank loan portfolio in the United Kingdom. "This is the first purchase performed by our joint venture with Goldman Sachs", says Jan Roxendal, President and CEO of Intrum Justitia. "I am happy to confirm that our chosen partnership strategy works well. It gives Intrum Justitia the major advantage of being able to take part in portfolio purchases that are beyond the reach of our main competitors." "This transaction is also important for Intrum Justitia in United Kingdom as all collection activities will be managed by our UK branch, comments Jan Roxendal." Intrum Justitia has established two partnerships for major investments for debt purchase; with Crédit Agricole Indosuez for the Nordic market and with Goldman Sachs for the other markets in Europe. For further information, please contact: Jan Roxendal, President and CEO Tel: +46 (0)8 546 10 200 Anders Antonsson, Director of Communications Tel: +46 (0)8 546 102 06, mobile: +46 (0)70 336 7818 E-mail: a.antonsson@se.intrum.com Intrum Justitia is Europe's leading Credit Management Services (CMS) group. The group has revenues of approximately SEK 2.9 billion and has about 2,900 employees in 21 European countries. Intrum Justitia's objective is to measurably improve its clients' cash flow and long-term profitability by offering high quality in relations with both clients and debtors in each local market. The group offers a wide range of CMS for commercial and consumer receivables. Intrum Justitia has a growth strategy that involves taking an active part in the industry's consolidation. Intrum Justitia, ticker IJ, has been listed on the O-list of the Stockholm Exchange (Stockholmsbörsen), since 7 June 2002. As of July 2004 the share is listed on the Attract40 section. For more information, please visit www.intrum.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/07/15/20040715BIT20470/wkr0001.pdf Intrum Justitia acquires bank loan portfolio in the United Kingdom