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Collector announces deal to become new supplier of e-commerce payment solutions to Liseberg and Coop.

M2 EQUITYBITES-April 25, 2016-Collector announces deal to become new supplier of e-commerce payment solutions to Liseberg and Coop

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Collector AB (STO:COLL) announced on Friday that it will become a new supplier of e-commerce payment solutions to Liseberg AB, a large amusement park in Sweden, and Coop Norge Handel AS.

The company estimates that the initial combined annual credit volume will total just over SEK200m.

According to the company, the agreement with Liseberg covers e-commerce services such as invoicing and online accounts for visitors to the Liseberg theme park when buying ride passes, admission tickets and products in the Liseberg web shop.

Also, the new agreement with Coop Norge concerns e-commerce payment solutions. Coop Norge is responsible for purchasing, supply chain management and marketing. The chain is comprises of 1,100 grocery stores, including brands such as Coop Marked, Coop Prix, Coop Mega, Matkroken, Extra and Coop Obs Hypermarked. In addition, the chain operates a number of DIY stores under the brands Obs Bygg, Extra Bygg and Byggmix.

Collector, a provider of financial services, offers credit management, factoring, corporate finance, legal services, and related commercial finance services. Collector serves customers throughout Sweden.

(EUR1.00=SEK9.16)

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Publication:M2 EquityBites (EQB)
Date:Apr 25, 2016
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