Intrum AB (publ) (OM:INTRUM) is at present the sole bidder for the loan managing unit put up for sale by Cerved Group S.p.A. (BIT:CERV), two sources familiar with the matter said on December 18, 2019. Two sources said the unit could be worth around 400 million, a lower price tag than calculated by some analysts whose estimates stretched to 490 million. The unit has failed to draw interest from foreign investment funds because the Italian bad loan market has entered a mature phase where there are fewer bargains, a person who had contacts with potential buyers said.
Cerved's board is expected to discuss Intrum's bid at a board meeting on December 19, 2019, one person said.