Intrum AB (IJU.SG)
| Previous close | 1.9390 |
| Open | 1.9775 |
| Bid | 1.7765 x 100000 |
| Ask | 1.8575 x 100000 |
| Day's range | 1.8635 - 1.9775 |
| 52-week range | 1.0080 - 9.0880 |
| Volume | |
| Avg. volume | 101 |
| Market cap | N/A |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
- Bloomberg
Cerberus Mulls Bigger Intrum Partnership as Company Tackles Debt
(Bloomberg) -- Cerberus Capital Management LP and Intrum AB are considering a more extensive partnership as the Swedish debt collector explores options to address its borrowings. Most Read from BloombergErdogan Suffers Historic Loss in Turkey Municipal ElectionsUS Oil Suppliers Muscling Into OPEC+ Markets All Over the WorldBridgewater CEO's Turnaround Hinges on Wooing Restless ClientsChina Industrial Upswing Is Latest Sign of Economic RecoveryAT&T Says Data From 73 Million Accounts Leaked on Dar
- Reuters
Analysis-Europe's debt collectors face reckoning as bad loans vanish
Europe's debt collectors have gone from feast to famine amid a collapse in the number of bank loans turning sour. Companies that recover unpaid bank debts, and which thrived in the aftermath of the euro zone sovereign debt crisis, are rethinking their business models and examining tie-ups with rivals after COVID-19, an energy crisis and two-decade-high interest rates failed to unleash a new wave of loan defaults. Banks in Europe's south have largely completed the clean-ups that once fed the bad loan bonanza and pulled in overseas investment firms such as Apollo, Cerberus, PIMCO, Elliott and Lone Star, while government support measures have helped keep companies and households on their feet.
- Reuters
UPDATE 1-Intrum to sell large chunk of investment portfolio to Cerberus for $785 mln
Intrum said on Monday it would sell a large portion of its investment portfolio to affiliates of Cerberus Capital Management for 8.2 billion Swedish crowns ($785.41 million). Intrum said it would use the proceeds from the transaction to reduce its debt and will retain a 35% stake in the purchasing entity. The company also said it expects to book an accounting loss of 845 million Swedish crowns due to the transaction, aimed at helping Intrum meet its debt maturities up to 2025 without having to rely on the markets.
