SaveLend considers sale of billing platform Billecta
The Board of Directors of SaveLend Group AB ("SaveLend Group" or the "Company") has decided to conduct a review of various strategic options for the billing platform segment operated by its subsidiary Billecta AB ("Billecta") with the aim of maximizing SaveLend Group's future potential and optimizing shareholder value.
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As previously communicated, SaveLend Group's management has worked over the past year to increase the autonomy of Billecta's sales and delivery organization. Some aspects of this work include strengthened leadership in the form of CEO Mats Röjdmark and COO Magnus Wiker, as well as changes made to the subsidiary's board. To optimize shareholder value and ensure the best possible conditions for SaveLend Group's future development, the board has decided to evaluate various strategic options for Billecta. The board of SaveLend Group will consider all potential alternatives that can deliver value for the Company's shareholders. Such alternatives may include a merger or sale of Billecta (in whole or in part) or other strategic transactions.
"No decisions have been made regarding Billecta, but we are in several discussions with different parties to consider all options to maximize shareholder value," says Peter Balod, CEO of SaveLend Group.
The board has not set a timeline for completing the review. No guarantees can be made regarding the results or outcome of this review. SaveLend Group will provide information when and if the review results in concrete outcomes or decisions.