STOCKHOLM: Intrum AB has signed a term sheet regarding an investment agreement with an affiliate of Cerberus Capital Management, L.P. for future investments in consumer unsecured non-performing loan portfolios. This agreement allows Intrum to scale its investment activity without increasing its debt, providing servicing revenues and additional portfolio management revenues, in line with its ‘capital-light’…
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Pak Kuwait Investment Company & Enertech Kuwait sign $750mn investment agreement
KARACHI, PAKISTAN: Pakistan Kuwait Investment Company (PKIC) has entered into a strategic alliance agreement with Enertech Holding Company KSC, a subsidiary of Kuwait Investment Authority, worth $ 750 million, with the objective to collaborate and jointly explore investment opportunities and business potential primarily within Pakistan. Embarking on this journey of alliance with this agreement, both…