B2Holding has signed an agreement to sell 100% of the shares in its Bulgarian subsidiary, Debt Collection Agency EAD (“DCA”), to a local Special Purpose Vehicle company. The total proceeds received from the sale of DCA is EUR 48.4 million which after adjustments represent close to 100% of the book value of the portfolios. The closing of the transaction is subject to relevant regulatory approvals in Bulgaria and is expected in October this year. The transaction will trigger a non-cash impairment of NOK 105 million after tax. This is mainly related to goodwill. The signing of the Sale and Purchase Agreement was done subsequent to the second quarter, but B2Holding will recognize the impairment in the second quarter. “The sale of DCA Bulgaria is another important step in reducing our geographical footprint and redeploying capital in our core markets to further drive scalability in the Group. This is an important part of our communicated strategy. As more than 90% of assets in DCA are unsecured portfolios, the strategic fit with the other countries serviced by Veraltis Asset Management is limited. I would like to thank Yulia Yurgakieva, CEO of DCA, and her team for all their efforts, and I wish them all the best for the future,” said Erik Johnsen, CEO of B2Holding. The sale is a result of a structured auction process advised by Alantra Corporate Portfolio Advisors Limited. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. For further information, please contact: Rasmus Hansson Head of Commercial Strategy and Investor Relations, B2Holding ASA Mobile: +47 952 55 842 E-mail: rh@b2holding.no About B2Holding Group: B2Holding ASA is a Nordic based debt solutions provider with platforms in over 20 European countries. B2Holding has experienced significant growth since its inception in 2011 and has established itself as one of the leading European debt purchasers and a solution-oriented partner within the debt servicing industry. B2Holding ASA is headquartered in Oslo, Norway, and the B2Holding share is listed on the Oslo Stock Exchange under ticker “B2H”. For further information, visit www.b2holding.no
