B2Holding ASA has through its Latvian subsidiary, SIA B2Kapital, entered into an agreement to acquire a portfolio of retail and corporate, secured and unsecured non-performing loans in Latvia. The portfolio consist of approx. 1,700 individual loans with a nominal value of EUR 119 million. The agreement has been signed today and is supposed to be closed by the end of February 2018. "The acquisition of the portfolio will strengthen B2Holding's position and further development in Latvia. In the current phase of the financial development in Latvia, B2Holding considers it very important to provide a customised solution to both private and corporate customers towards independence from debt." - says Olav Dalen Zahl, CEO of B2Holding. Even though this transaction would normally be below the threshold for announcement, B2Holding is disclosing this transaction in order to be fully transparent with Vendor's announcement. For enquiries regarding the transaction, please contact: Olav Dalen Zahl CEO, B2Holding ASA Telephone: +47 909 86 386 Email: odz@b2holding.no
