Brief: Hoist Finance Acquires NPL Portfolio In UK

Hoist Finance AB (publ)

31/05/2022 07:33

May 31 (Reuters) - Hoist Finance AB (publ)  HOFI.ST :
    * HOIST FINANCE ACQUIRES NPL PORTFOLIO IN UK
    * ENTERED INTO AN AGREEMENT TO ACQUIRE A UK PORTFOLIO OF
NON-PERFORMING LOANS, COMPRISING OF UNSECURED CONSUMER LOANS
    * TOTAL OUTSTANDING BALANCE IS APPROXIMATELY SEK 2.75
BILLION
    * TOTAL INVESTMENT IS APPROXIMATELY SEK 1.0 BILLION
    * SELLER IS A MAJOR PURCHASER OF LOAN PORTFOLIOS IN UK
    * TRANSACTION IS EXPECTED TO CLOSE 8 JUNE 2022

Source text for Eikon:  ID:nWkrb8tY11 
Further company coverage:  HOFI.ST 

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