News

B2Holding ASA sign agreement for sale of subsidiary in Bulgaria

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