Industri Kapital sells its holding in Swedish Intrum Justitia

The shares were sold at the price of SEK61.75 (€6.6) per share. The sale corresponds to 11.7 per cent of the total number of shares and votes in Intrum Justitia.

Intrum Justitia is a debt collection and credit management company. It offers commercial and consumer debt collection services, outsourcing and other related credit management services.

IK acquired a 50 per cent stake in Intrum Justitia in March 1998 when it took the company private from the London Stock Exchange together with the founding family Göransson. Intrum Justitia was listed on the Stockholm Exchange in May 2002 at the listing price of SEK47 per share.

Anne Holm Rannaleet, partner and information director at Industri Kapital, said, 'It has been exciting to work with Intrum Justitia and its management over this period, building Europe's leading Credit Management Services group. Intrum Justitia has been a good investment for us and we believe the company has a solid platform for future development.'

IK invests in mid-sized companies with strong cash flow and profit improvement potential, operating in mature industries with fundamental underlying growth.

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