Resurs Holding to commence a strategic review concerning distribution and separate listing of its subsidiary Solid Försäkring
Resurs Holding AB is commencing a strategic review with the intention of listing its subsidiary Solid Försäkringsaktiebolag (Solid Försäkring) on Nasdaq Stockholm’s main market. The initiative is based on the ambition to give Solid Försäkring – currently a successful Nordic company in the insurance industry – the best prerequisites to continue its journey of growth.
The Board of Resurs Holding, which owns the subsidiaries Resurs Bank and Solid Försäkring, has resolved to begin the process of investigating the possibility of listing Solid Försäkring. The Group’s insurance operations have grown over time, establishing competitiveness in the Nordic market with a clear potential to strengthen this growth even further. The basis of the Board’s decision for a strategic review is that a separate listing creates the necessary prerequisites to intensify focus on Solid’s operations, in turn benefiting the future development and growth of the company.
“We are very proud of Solid Försäkring’s excellent performance, and it is thus pleasing that we have now made the decision to examine how to provide the company with further strength to grow with an IPO,” says Martin Bengtsson, Chairman of the Board.
The Board of Resurs Holding has assigned Group Management the task of evaluating and creating the preconditions for a distribution of Resurs Holding’s shares in Solid Försäkring to the shareholders through a Lex Asea distribution. The company’s shares are intended to be listed separately. The ambition of the Board is to announce more information to the shareholders concerning the evaluation and the next step of the process during the current year. Any decisions on the distribution of shares in Solid Försäkring will be made by Resurs Holding’s General Meeting of Shareholders. ABG Sundal Collier has been appointed as Sole Global Coordinator and Bookrunner in conjunction with the process.
For more information:
Nils Carlsson, CEO, nils.carlsson@resurs.se +46 766 44 77 00
Sofie Tarring Lindell, CFO & Head of IR, sofie.tarringlindell@resurs.se, +46 73 644 33 95
This information is such information that Resurs Holding AB (publ) is required to disclose pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 27th May 2021 at 10:00 p.m. CET.
About Solid Försäkring:
Solid Försäkring was founded in 1993 and is currently a successful Nordic company in the insurance industry. The focus is on niche coverage, with the Nordic region as the main market. The company partners with leading retail chains in various sectors, and has about 2.3 million customers across the Nordic region.
About Resurs Holding:
Resurs Holding (Resurs), which operates through the subsidiaries Resurs Bank and Solid Försäkring, is the leader in retail finance in the Nordic region, offering payment solutions, consumer loans and niche insurance products. Since its start in 1977, Resurs Bank has established itself as a leading partner for sales-driven payment and loyalty solutions in retail and e-commerce, and Resurs has thus built a customer base of approximately 6 million private customers in the Nordics. Resurs Bank has had a banking licence since 2001 and is under the supervision of the Swedish Financial Supervisory Authority. The Resurs Group operates in Sweden, Denmark, Norway and Finland. At the end of the first quarter of 2021, the Group had 702 employees and a loan portfolio of SEK 31.6 billion. Resurs is listed on Nasdaq Stockholm.