STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
ISS, one of the leading international proxy advisors, has recommended shareholders to vote in favour of the Board of Director's proposal to the EGM to approve the combination between Intrum Justitia (STO:IJ) and Lindorff and to issue new shares to the shareholders of Lindorff.
ISS is estimated to advise approximately a quarter of the shareholders in Intrum Justitia. The EGM will take place on December 14. “We welcome the support from ISS for this transaction. Along with the Board of Directors and the management team, I am convinced that this combination creates value for our shareholders as well as our clients, customers and employees,” said Mikael Ericson, CEO and President of Intrum Justitia. For more information ahead of the EGM on December 14, please see www.intrum.com.
Intrum Justitia is Europe’s leading Credit Management Services (CMS) group, offering comprehensive services, including purchase of receivables, designed to measurably improve clients’ cash flows and long-term profitability. Founded in 1923, Intrum Justitia has some 3,850 employees and operations in 19 markets. Consolidated revenues amounted to about SEK 5.6 billion in 2015. Intrum Justitia AB is listed on Nasdaq Stockholm since 2002. For further information, please visit www.intrum.com
This information was brought to you by Cision http://news.cision.com