Brief: Ferratum Group Plans Restructuring And Relaunch Of Ferratum P2P

Multitude AG

20/12/2018 19:04

Dec 20 (Reuters) - Ferratum Oyj  FRU.DE :
    * DGAP-NEWS: FERRATUM OYJ: FERRATUM GROUP PLANS
RESTRUCTURING AND
RELAUNCH OF FERRATUMP2P
    * ANNOUNCED ITS INTENTION TO RESTRUCTURE FERRATUMP2P, ITS
PEER-TO-PEER LENDING AND INVESTMENT PLATFORM
    * FERRATUM HAS DECIDED TO CLOSE P2P PLATFORM TO NEW RETAIL
CUSTOMERS
    * FERRATUM- DECIDED TO BUY BACK PORTFOLIO FROM EXISTING
CUSTOMERS
AT REMAINING PRINCIPAL PLUS ACCRUED INTEREST ON THEIR INDIVIDUAL
INVESTMENTS TO 28 FEB 2019
    * BUY BACK IS NOT EXPECTED TO HAVE A MATERIAL IMPACT ON
CURRENT
FUNDING COSTS FOR GROUP
    * PLATFORM WILL BE RELAUNCHED TO SERVE INSTITUTIONAL
INVESTORS IN
FIRST HALF OF 2019

Source text for Eikon:  ID:nEQ8n7JWxa 
Further company coverage:  FRU.DE 

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