Brief: SaveLend Group Acquires Lunar's Peer-To-Peer Business

SaveLend AB

04/04/2023 12:37

April 4 (Reuters) - SaveLend Group AB  YIELD.ST :
    * SAVELEND SUBSIDIARY SBL FINANS HAS ENTERED INTO
CONDITIONAL
ACQUISITION OF ALL CUSTOMER RELATIONS WITH INVESTORS, BORROWERS
WITHIN LUNAR BANK'S P2P BUSINESS
    * SAVELEND GROUP ACQUIRES ALL CUSTOMER RELATIONSHIPS, BOTH
INVESTORS, BORROWERS, AS WELL AS BRAND, DOMAIN LENDIFY (.FI,
.SE, .COM, .DK, AND .NO) IN TRANSACTION
    * ACQUISITION IS EXPECTED TO TAKE PLACE IN SUMMER OF 2023
    * NO PURCHASE PRICE IS PAID UPON ENTRY, INSTEAD,
PERFORMANCE-BASED
REMUNERATION IS PAID 
    * PERFORMANCE-BASED REMUNERATION WILL BE PAID TO LUNAR,
AMOUNTING
TO 50% OF ACTUAL REVENUES DURING PERIOD 2023-2027 FROM ACTIVE
INVESTMENTS TAKEN OVER

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFN43Z8H8
 Further company coverage:  YIELD.ST  

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