Major shareholder says no to fusion – is considered too expensive – the Swedish newspaper svenska Dagbladet

the main Shareholders in Intrum Justitia voted on Sunday ‘ no ‘ to a bid in the negotiations for a merger with Lindorff. Photo: Intrum Justitia

Sunday stranded negotiations between Intrum Justitia’s owners and Nordic Capital to join forces with Lindorff, according to Today’s Industry.

SEB Funds, the principal owner of the skuldhanteringsföretaget Intrum Justitia, voted no to the merger with reference to the conditions were for the poor.

– We have evaluated this, and we see the industrial logic of the deal – but we think that the price of Lindorff is too generous", says Per Security, fund manager at SEB Fonder, to the Today’s Industry.

Also pensionsjätten AMF and Lannebo fonder voted no to the proposal on Sunday. Together, they own three storägarna 17.5 per cent of the shares in Intrum Justitia.

According to the newspaper expected a decision on the deal during the company’s voice on Wednesday.