Today's Intrum Justitia’s Extraordinary General Meeting resolved, with requisite majority, to approve the board's resolution to combine with Lindorff under the conditions specified in the draft decision. The General Meeting thus approved the merger of Intrum Justitia and Lindorff. The Meeting also resolved to authorize the Board of Intrum Justitia, for the period until the next AGM, to decide on a new issue of shares to be issued as consideration for the shares in Lindorff. The number of new shares to be issued shall not exceed the number of shares equivalent to 45 percent of outstanding shares after the issue.
The transaction is subject to the approval of regulatory authorities in relevant jurisdictions as well as by the EU competition authorities. The transaction is expected to be completed during the second quarter of 2017, depending on the time required to obtain the regulatory approvals.
“Nordic Capital is pleased that Intrum Justitia’s Extraordinary General Meeting approved the transaction and looks forward to continuing along the path towards completion of the transaction. The combination of Lindorff and Intrum Justitia will create the industry leading provider of credit management services with potential to create significant value for all shareholders and other stakeholders. Preparations ahead of closing, which is subject to regulatory and competition authority approvals, are ongoing according to the normal routines,”, says Kristoffer Melinder, Managing Partner of NC Advisory AB
“We are now one step closer joining forces with Intrum Justitia. The companies have complementary strengths and together would become a leading force in shaping the future of credit management. Our combined integration team will work closely with the competition authorities in this next phase of the approval process”, says Klaus-Anders Nysteen, CEO Lindorff.
More information about the combination at Intrum Justitia’s Investor relations web page: https://www.intrum.com/en/investor-relations/
Founded in 1898, Lindorff is the leading full-service European credit management service provider, offering services within debt collection and debt purchase as well as payment and invoicing services.
The company has 4300 employees in 13 countries with headquarters in Oslo, Norway. In 2015 Lindorff generated EUR 534 million in net revenue (2014: EUR 475 million).
Lindorff is majority owned by Nordic Capital Fund VIII. www.lindorff.com