(Bloomberg) -- Cerberus Capital Management LP and Intrum AB are considering a more extensive partnership as the Swedish debt collector explores options to address its borrowings. Most Read from BloombergErdogan Suffers Historic Loss in Turkey Municipal ElectionsUS Oil Suppliers Muscling Into OPEC+ Markets All Over the WorldBridgewater CEO's Turnaround Hinges on Wooing Restless ClientsChina Industrial Upswing Is Latest Sign of Economic RecoveryAT&T Says Data From 73 Million Accounts Leaked on Dar
(Bloomberg) -- Bondholders of Intrum AB who considered teaming up for debt talks with the Swedish company have split into different groups given the varied interests of the investors depending on the maturities of the notes they hold, according to people familiar with the matter. Most Read from BloombergTrump Vows to Pay Fraud Trial Bond Cut by 68% to $175 MillionTrump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest PeopleAfter Exposing Realtors, Eliminate the Mortgage Inter
Europe's debt collectors have gone from feast to famine amid a collapse in the number of bank loans turning sour. Companies that recover unpaid bank debts, and which thrived in the aftermath of the euro zone sovereign debt crisis, are rethinking their business models and examining tie-ups with rivals after COVID-19, an energy crisis and two-decade-high interest rates failed to unleash a new wave of loan defaults. Banks in Europe's south have largely completed the clean-ups that once fed the bad loan bonanza and pulled in overseas investment firms such as Apollo, Cerberus, PIMCO, Elliott and Lone Star, while government support measures have helped keep companies and households on their feet.