Hoist Finance acquires portfolio of non-performing loans from Lowell

Hoist Finance AB (publ) (“Hoist Finance”), a Swedish credit market company, has entered into an agreement with Lowell Sverige AB to acquire a Swedish portfolio of non-performing consumer loans.

The nominal value of the portfolio amounts to approximately SEK 8.1 billion with a final purchase price of SEK 1.2 billion.

Hoist Finance was advised by Mannheimer Swartling in the transaction.

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