Banco Sabadell sell their unpaid debt management and collection business to Lindorff Spain
Banco Sabadell has
reached an agreement with Lindorff Spain for the transfer of their
unpaid debt management and collection business. The price of this operation
amounts to 162 million Euros, generating a gross capital gain for the same
agreement has been formalised through the sale of the business, and moreover
complemented with the provision of services for the management and collection
of past-due receivables by Lindorff Spain, for an initial period of ten
operation, which includes the optimisation of management and collection
processes with regard to both their current stock of past-due receivables along
with such future receivables as may be added during the term established in the
agreement, is include din the Banco Sabadell Group’s strategy for the
transformation of their balance sheet, as defined in the Group’s Plan Triple 2014-2016
Banco de Sabadell, S.A. Avenida Óscar Esplá, 37, 03007 Alicante, registered with the Mercantile Register in Alicante, tome 4070, folio 1, page A-156980, Fiscal Identification Number (NIF) A08000143.
Financial institution under the supervision of the Bank of Spain and registered in the Special Administrative Register under number 0081
Email address email@example.com - Banco de Sabadell, SA, 2014. All rights reserved.