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Schibsted Prepares Sale of Loan Marketplace Lendo

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Schibsted ASA, the largest Scandinavian media group, is preparing to kick off a sale of its Lendo fintech business, people with knowledge of the matter said. 

Schibsted is working with Citigroup Inc. to gauge interest in Lendo, operator of Sweden’s biggest loan-comparison website, following a strategic review of the business, the people said. It plans to start formally soliciting bids after the summer, according to the people, who asked not to be identified because the information is private.