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Europe's Largest Debt Collector to Increase Pace of Acquisitions

2015-12-23 06:37:46| Appliances - Topix.net

Intrum Justitia AB plans to step up the pace of acquisitions as it aims to increase its presence in credit management services in coming years, according to acting Chief Executive Officer Erik Forsberg. Europe's largest debt collector now wants to do "at least two, or more, acquisitions, on average over a few years," Forsberg said in his first full interview since taking the helm from Lars Wollung on Nov. 2. In May, Wollung had set the takeover target at "The ambition is clear: we should in comparison to the last few years improve our acquisition pace for small and mid-sized CMS companies," Forsberg said at Intrum's headquarters in Stockholm.

Tags: increase largest debt pace

QEP Resources Inc (QEP) Debt Trading 6.3% Lower

2015-12-19 23:43:12| Apparel - Topix.net

An issue of QEP Resources Inc debt fell 6.3% against its face value during trading on Friday, MarketBeat reports. The debt issue has a 5.25% coupon and will mature on May 1, 2023.

Tags: resources lower trading debt

Ukraine halts Russia debt repayments

2015-12-18 13:48:50| BBC News | Business | UK Edition

Ukraine has put a moratorium on $3bn debt owed to Russia, claiming the country has refused to accept repayment terms already offered to other international creditors.

Tags: russia debt ukraine halts