Intrum AB

Intrum, Europe's biggest debt collector, announced on Sunday that its President and Chief Executive Officer Mikael Ericson will leave the company after four years in the role and be replaced by Chief Financial Officer Anders Engdahl.

Intrum <INTRUM.ST>, Europe's biggest debt collector, on Thursday reported a core profit for the second quarter that matched a preliminary reading helped by cost control and the gradual reopening of economies.

Intrum <INTRUM.ST>, Europe's biggest debt collector, said on Friday its second-quarter results would be substantially above its previous outlook as its markets had bounced back faster than expected since the pandemic hit.

Intrum <INTRUM.ST>, Europe's biggest debt collector, reported on a 66% drop in first-quarter profit hit by a writedown and weaker credit management in southern Europe but a mostly stable performance so far this quarter.

* INTRUM AB SAYS STRATEGIC MARKETS BUSINESS LINE IS EXPERIENCING DELAYS IN CASH FLOWS DUE TO GENERAL RESTRICTIONS BROUGHT IN ACROSS COUNTRIES

Italian financial group Cerved said on Saturday talks to sell its debt collection arm to Europe's biggest loan recovery firm, Intrum, had fallen through due to the coronavirus outbreak that is wrecking Italy's economy.

* IN LIGHT OF CURRENT GLOBAL EVENTS, INTRUM HAS DECIDED TO REDUCE ITS LEVEL OF INVESTMENTS AND INCREASE RATE OF RETURN

Swedish debt collector Intrum is in exclusive talks to buy the bad loan arm of Cerved, the Italian financial group said on Sunday, signalling the first major consolidation move in an industry where growth is easing after a boom.

Intrum, Europe's biggest debt recovery firm, has entered into exclusive negotiations to buy the bad loan arm of Italy's Cerved, a statement from Cerved said on Sunday, as the sector gears up for consolidation.

Sweden's Intrum on Tuesday declined to comment on speculation that it was interested in buying the loan managing unit of Italian financial group Cerved.

Trade in Intrum's shares were halted on Tuesday due to what the Swedish debt collector told a local newspaper was concern that information pertaining to its fourth-quarter results might have leaked ahead of publication.

Intrum, Europe's biggest debt recovery firm, is expected to complete its due diligence to potentially buy the bad loan arm of Italy's Cerved by mid February, two sources familiar with the matter said, as the sector gears up for consolidation.

Greek lender Piraeus Bank's partnership with Swedish loan servicer Intrum to manage bad loans will create the biggest independent loan servicer in the Greek market, executives at both firms said on Friday.

Greece's Piraeus Bank has concluded a deal with Sweden's Intrum to create a company to service its bad loan portfolio, it said on Wednesday.

Greece's biggest lender Piraeus Bank said on Monday it had teamed up with Sweden's Intrum to set up a platform to service its 27 billion euro ($30 billion) bad loan portfolio.

Sweden's Intrum said on Friday it will buy Banco Sabadell's real estate servicer Solvia for an enterprise value of about 300 million euros ($340.62 million), aimed at strengthening its position in the Spanish market.

Sweden's Intrum said on Friday it will buy Banco Sabadell's real estate servicer Solvia for an enterprise value of about 300 million euros ($340.62 million), aimed at strengthening its position in the Spanish market.

Sweden's Intrum Justitia , Europe's biggest loan collector, wants to grow its presence in Italy after joining forces with Intesa Sanpaolo in the debt servicing business, its chief executive said.

Intesa SanPaolo's <ISP.MI> deal with Sweden's Intrum Justitia <INTR.ST> shows bad loans can be sold without a loss and will help Italian lenders turn a corner after "a perfect storm" of fire sales, CEO Carlo Messina said.