Collector Bank has entered into a new, extensive factoring agreement with six of Valora International AG’s subsidiaries. Operations include factoring for Valora’s operations in Sweden, Norway, Finland and Den- mark. The agreement involves a new credit of approximately SEK 800m, corresponding to an annual fac- toring volume of approximately SEK 5,000m. Valora International operates in the areas of food products, skincare and cosmetics. End customers include major grocery chains such as Axfood, SOK, Coop and Ica. Valora is a retailer of several well-known brands, including Pepsi and Kelloggs. “This major new factoring transaction with an international solid player such as Valora is proof that our new export factoring product is in demand. In addition to liquidity and profound knowledge, we contribute speed, flexibility and strong systems support,” comments Stefan Alexandersson, CEO of Collector Bank, regarding the new agreement. The agreement with Valora has a term of two years and enters into force in January 2016. For further information, please contact: Stefan Alexandersson, CEO, Collector I Phone +46 70 607 38 87 I Email stefan.alexandersson@collector.se Clara Bolinder-Lundberg, IR Manager I Phone +46 70 719 84 43 I Email clara.bolinderlundberg@collector.se This information is published pursuant to the Swedish Securities Market Act, the Swedish Financial Instruments Trading Act or the rules and regulations of Nasdaq Stockholm. The information was submitted for publication on 9 December 2015. Stock exchange: Ticker symbol COLL
Collector Bank signs major new factoring agreement
Top 10 Most Recent News Articles
Top 5 Most Recently Viewed Articles
Yuanbao Inc. Set to Reveal Q2 2025 Financial Performance Soon
Yuanbao Inc. to Announce Earnings for Second Quarter In a significant development for investors and stakeholders, Yuanbao Inc. (NASDAQ: YB), a prominent technology-driven online insurance distributor in China, has publicly shared that it plans to announce its financial results for the second quarter of 2025. This announcement is set to take place before the U.S. markets...
Continue Reading
Pacira BioSciences Faces Legal Challenges Amid Patent Issues
Pacira BioSciences Faces Legal Challenges Amid Patent Issues Investors are paying close attention as Pacira BioSciences, Inc. (NASDAQ: PCRX) finds itself embroiled in a securities law violation lawsuit. The situation has prompted shareholders who bought securities of Pacira during a specified timeframe to reach out for guidance and support. Understanding the Allegations...
Continue Reading
R2 Wireless Expands Operations with New US Leadership Team
R2 Wireless Expands Operations with New Leadership R2 has made a significant stride in addressing the increasing threats and advancements in Electronic Warfare and Counter-UAS programs. The company has launched its US operations and appointed Mr. Cordell Bennigson as its US CEO. Strategic Move for Growth This strategic decision comes in response to the rising global...
Continue Reading
Martha Stewart Joins Kohler as New Cast Iron Brand Ambassador
Introduction of Martha Stewart as Kohler's Cast Iron Ambassador Pioneering lifestyle expert Martha Stewart partners with Kohler to promote the timeless design, beauty, and craftsmanship of enameled cast iron. This exciting collaboration highlights both the legacy of Kohler and the distinct mastery Stewart brings to home and lifestyle. Kohler's Heritage in Cast Iron Kohler...
Continue Reading
Vantage MedTech Welcomes New Leadership for Growth Strategy
Vantage MedTech Introduces New Leadership Team Vantage MedTech, known for its innovative approach in the medical technology sector, has recently announced an exciting transformation within its leadership team. The company aims to bolster its growth trajectory and further enhance its service offerings. New Leadership Roles and Responsibilities At the helm, Carlo W....
Continue Reading