Pestalozzi advises Intrum on the sale of its Swiss BNPL business to Cembra Money Bank
Intrum has entered an agreement with Cembra Money Bank AG under which Cembra will acquire Intrum’s wholly owned subsidiary Byjuno and its sister company Intrum Finance Services AG. As part of the agreement, Cembra and Intrum also agreed on entering a BNPL ("buy now, pay later") debt collection activities and credit information partnership. The transaction is expected to close before the end of this year. Pestalozzi advises Intrum on all legal aspects of the transaction.