SaveLend enters negotiations over sale of billing platform Billecta
On June 19, 2024, SaveLend Group AB (“SaveLend Group”) announced the initiation of a strategic review regarding the billing platform segment, whose operations are conducted within the wholly-owned subsidiary Billecta AB (“Billecta”).
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The aim of the review is to maximize SaveLend Groups future potential and optimize shareholder value.
The ongoing review has led to discussions with multiple interested parties regarding the acquisition of all shares in Billecta. As part of this process, SaveLend Group has entered into a non-binding letter of intent and is now in a due diligence process with a potential buyer. The goal is for the transaction to be completed before the end of the year. As part of the deal with the potential buyer, the intention is for parts of Billecta’s management and board to invest, and for the staff to be offered the opportunity to invest, in a minority stake in the company that intends to acquire all shares in Billecta.
SaveLend Groups board has not set a timeline for the completion of the review. No assurances can be given regarding the outcome or results of this review or the ongoing discussions with the potential buyer. SaveLend Group will provide further information if and when the review or negotiations result in concrete outcomes or decisions.