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SVEA EKONOMI acquires 100 % of CREDITEXPRESS Group

Budapest, 23 November 2017

CREDITEXPRESS Group today announced that its 33 % shareholder SVEA
EKONOMI acquired the rest of the group’s shares increasing its stock to 100 %.
The two companies already have close relationships for many years. SVEA being
not only one of the Shareholders but investor for debt purchase in 9 countries in
the Eastern-Central European region where CREDITEXPRESS Group operates.
Balazs Pados will remain CEO of CREDITEXPRESS Group and would not change
the actual management team of any of the operations.
CREDITEXPRESS Group was established in 1999. As of today, the Group is one of
the largest Debt Recovery Agencies in the Central European Region, employing
more than 1.200 people in 10 countries (Croatia, Czech Republic, Hungary, Poland, Romania, Russia, Serbia, Slovakia, Slovenia and Ukraine).
SVEA EKONOMI a leading actor in Northern Europe offering financial and
administrative services since 1981 such as portfolio factoring and receivable
management services. SVEA has a turnover of approximately 2500 MSEK and
more than 1,000 employees in 10 European countries such as Sweden, Norway,
Finland, Denmark, Estonia, Latvia, Netherlands, Switzerland, Austria and
Germany.
Lennart Agren, SVEA EKONOMI CEO: “The CREDITEXPRESS team is world class
and passionate about our business whether it concerns for innovative technologies
or training of highly qualified staff. We are welcoming CREDITEXPRESS in our
family. We are sure that this news will have positive impact on the market.”
Balazs Pados, CREDITEXPRESS CEO: “SVEA is the perfect fit for us – they are
reputable and trustworthy leading financial services provider in the Northern
European market since 1981. I see the whole range of new opportunities for
development of our operations and business enhancement to serve our Customers.”

Read more about the CREDITEXPRESS on www.creditexpress.com
Read more about the SVEA EKONOMI on www.svea.com/en/corporate

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Should you have further questions on our company or need information about your case, on the management or purchase of debts, do not hesitate to contact our colleagues or the Client Service.
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