Brief: Savelend Group Acquires Refino AB's Debt Consolidation Loan Biz
03/07/2026 07:40
BRIEF-Savelend Group Acquires Refino AB's Debt Consolidation Loan Biz July 3 (Reuters) - SaveLend Group AB YIELD.ST:
SAID ON THURSDAY UNIT SBL FINANS AB HAS ENTERED INTO A CONDITIONAL AGREEMENT TO ACQUIRE REFINO AB'S DEBT CONSOLIDATION LOAN BUSINESS
NO PURCHASE CONSIDERATION WILL BE PAID UPON COMPLETION
COMPLETION WILL TAKE PLACE THROUGH THE TRANSFER OF OPERATIONS EFFECTIVE 1 AUGUST 2026
REFINO AB WILL RECEIVE AN ONGOING ROYALTY EQUAL TO 45% OF THE BUSINESS'S PROFIT BEFORE TAX UNTIL JULY 31, 2032
REFINO AB HAS UNDERTAKEN TO INVEST IN SAVELEND GROUP THROUGH A CONVERTIBLE INSTRUMENT
Source text: ID:nMFN6xKDh8
Further company coverage: YIELD.ST
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