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YIELD — SaveLend AB News Story

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Brief: SaveLend Completes Divestment Of Subsidiary Billecta

Feb 27 (Reuters) - SaveLend Group AB YIELD.ST:

COMPLETES THE DIVESTMENT OF ITS SUBSIDIARY BILLECTA AB

COMPLETES DIVESTMENT OF 78% OWNERSHIP IN BILLECTA

DEAL BASED ON BILLECTA VALUATION OF UP TO SEK 150 MILLION

OF INITIAL PURCHASE PRICE OF ABOUT SEK 82 MILLION, ABOUT SEK 64 MILLION HAS BEEN RECEIVED IN CASH

REMAINING AMOUNT, ABOUT SEK 18 MILLION, TO BE SETTLED THROUGH VENDOR NOTE, TO BE REPAID IN TWO INSTALMENTS OVER A PERIOD OF UP TO FIVE YEARS

Source text: ID:nMFN4CDqZN

Further company coverage: YIELD.ST

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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