Lowell - comment

There are press reports that the company has hired Barclay’s to sell its Nordic business. The valuation of €730m (£620m) that is circulating is a mid-point between the £600m the company paid for the business in cash to Intrum in 2018 and the £655m ERC Lowell carry on their books. If Lowell can get an accretive deal done on this scale it will be very positive for its capital structure.