April 16 (Reuters) - Intrum Justitia AB:
* COMMENT REGARDING RUMORS ABOUT A BID FROM INTRUM TO INTESA SANPAOLO
* SAYS CONFIRMS THAT ITS BOARD OF DIRECTORS HAVE SUBMITTED A BINDING OFFER TO INTESA SANPAOLO REGARDING ESTABLISHMENT OF A SERVICER OF NON-PERFORMING LOANS (NPLS) IN ITALY
* SAYS BINDING OFFER IS PENDING ACCEPTANCE BY BOARD OF DIRECTORS OF INTESA SANPAOLO
* SAYS INTRUM, TOGETHER WITH A CO-INVESTOR, WILL ACQUIRE A 51% PARTICIPATION OF A NPL PORTFOLIO WITH A GROSS BOOK VALUE (GBV) OF EUR 10.8 BILLION TO BE DECONSOLIDATED FROM INTESA SANPAOLO
* SAYS AFOREMENTIONED TRANSACTIONS REFLECT AN OVERALL VALUATION OF AROUND EURO 3.6 BILLION FOR JOINT VENTURE SERVICER AND NPL PORTFOLIO
* SAYS INTRUM’S ESTIMATED TOTAL NET CASH INVESTMENT FOR ITS HOLDING IN SERVICING PLATFORM AND ITS INTERESTS IN SPV IS EUR 670 MILLION
* SAYS INTRUM WILL MAKE AN INITIAL PAYMENT OF EUR 156 M AT END OF APRIL 2018
* SAYS REMAINDER OF PURCHASE PRICE WILL BE PAID AT CLOSING, WHICH IS EXPECTED AT YEAR-END 2018 Source text for Eikon: Further company coverage: (Reporting by Stockholm Newsroom)