Through the agreement, Intrum acquires 80 per cent of the shares in Solvia, and Banco Sabadell, one of the largest banks in Spain, retains the remaining 20 per cent.
"With this agreement, we strengthen and extend our commercial relationship with Banco Sabadell, deepen our partnership and broaden the cooperation between both companies. I am pleased to say that Solvia will be a long-term positive contribution to our Spanish business," says Mikael Ericson, President and CEO of Intrum.
Solvia is one of the leading real estate service providers in Spain, with a broad spectrum of assets under management including residential mortgages, corporate and SME loans, commercial real estate, secured and unsecured receivables and Real Estate Owned (REOs) portfolios. The company has a wide range of customers such as private individuals, companies and investors and ca 700 employees.
For further information, please contact:
Thomas Moss, Group Business Control & Investor Relations Director, tel: +46 8 546 102 02
Louise Bergström, Head of Investor Relations tel: +46 8 546 103 42