Intrum AB Announces SEK 11.5 Billion Asset Sale to Cerberus Capital Management LP Call Transcript
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Thank you, operator, and good morning, everyone from [graceguide] and not so cold Stockholm. I'm Andres Rublo. I'm here with Emil Folkesson and Anders Blomqvist.
Today's session will focus on last night's announcement. We will not be commenting on the fourth quarter results. That announcement will be coming on Thursday. We have a brief presentation which will take probably about 10 plus or minus minutes. And then we will open up to questions. I'm sure many people have questions.
So before we get into the detail of the presentation, I just wanted to set the table for what we did last night and why we did it. This has three distinct dimensions.
One is a financial transaction, which simply raises sales assets to raise liquidity to derisk the company.
The second is that it's a very important endorsement of our book values of our collections curve and our servicing capability by a very sophisticated counterparty.
And the third is it's an acceleration of our strategy that we
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