Garfunkelux Holdco 2 S.A.
Garfunkelux Holdco 2 S.A.: Lowell to acquire carve-out business from Intrum
Garfunkelux Holdco 2 S.A. / Key word(s): Mergers & Acquisitions Lowell to acquire carve-out business from Intrum Lowell, the operative unit of Garfunkelux Holdco 2 and 3 S.A., has today entered into a definitive agreement to acquire the carve-out business from Intrum in the Nordic region. The carve-out comprises Lindorff’s entire business in Denmark, Estonia, Finland and Sweden as well as Intrum’s entire business in Norway. The transaction is valued at EUR 730 million on an enterprise value basis and is subject to the approval of Lowell Group as purchaser by the European Commission, as well as customary competition and regulatory approvals. It is expected to close in H1 2018. The acquisition is expected to be funded through a combination of new debt issuance and equity. For more information visit: www.lowellgroup.com Contact: Investor Relations: Jon Trott, Head of Investor Relations investors@lowellgroup.co.uk
02-Nov-2017 CET/CEST The EQS Distribution Services include Regulatory Announcements, Corporate News and Press Releases. |
Language: | English |
Company: | Garfunkelux Holdco 2 S.A. |
488, route de Longwy | |
L-1940 Luxembourg | |
Luxemburg | |
E-mail: | mar@garfunkelux.com |
Internet: | https://lowellgroup.com |
ISIN: | XS1308316568, XS1308317889 |
WKN: | A1Z872 |
Listed: | Foreign Exchange(s) London, Luxemburg |
End of Announcement | EQS News Service |