Vend Marketplaces ASA (VENDA/VENDB) - Vend signs agreement to sell Lendo Group
Norway, Sept. 19 -- Vend Marketplaces ASA ("Vend") has signed a binding agreement with Clar Global AB ("Clar") to sell the financial services marketplace, Lendo Group (Lendo, Compricer and Mybanker). The transaction implies an enterprise value of around NOK 1 billion.The parties have signed the final transaction agreements, with completion expected during first quarter 2026, subject to approval from regulatory authorities and other customary closing conditions.Vend follows a disciplined capital allocation strategy. While maintaining a conservative balance sheet, any surplus cash will be returned to shareholders over time. The company will come back with specific information about the distribution of the proceeds from the Lendo divestment to...
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