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Hoist Finance AB

01/02/2018 | Press release | Distributed by Public on 01/02/2018 04:09

Merger between Hoist Finance and Hoist Kredit completed

Today, January 2, 2018, the merger between Hoist Finance AB (publ) (Hoist Finance or the Company) and its subsidiary Hoist Kredit AB (publ) (Hoist Kredit or the Subsidiary) has been completed. Through the merger, all assets and liabilities of the Subsidiary have been transferred to Hoist Finance, at the same time Hoist Kredit has been dissolved. Consequently, the Company has simplified its corporate structure as previously announced and Hoist Finance moves from a holding company to the operating parent company of the Hoist Finance Group. The merger does not entail any material financial effects on the Company.

Hoist Finance is, like Hoist Kredit, a credit market company, under the supervision of the Swedish Financial Supervisory Authority.