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SEB — M&A Activity 2014
Dec 1, 2014
2966_rns_2014-12-01_90677326-e5d9-4434-a6ea-e4346459534a.pdf
M&A Activity
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SEB's sale of credit card payment operations to Nordic Capital Fund VIII completed
As of 1 December, SEB has completed the sale of Euroline AB to Nordic Capital Fund VIII in accordance with the agreement signed and announced at the end of May 2014. The total price was SEK 2.2 billion on a debt-free basis, and a capital gain of SEK 1.7 billion after attributable goodwill of SEK 0.2 billion.
For further information, please contact Viveka Hirdman-Ryrberg, Head of Corporate Communications +46 (70) 550 3500 [email protected]
Press contact Ulf Grunnesjö, Head of Investor Relations +46 (70) 763 8501 [email protected]
SEB is a leading Nordic financial services group. As a relationship bank, SEB in Sweden and the Baltic countries offers financial advice and a wide range of financial services. In Denmark, Finland, Norway and Germany the bank's operations have a strong focus on corporate and investment banking based on a full-service offering to corporate and institutional clients. The international nature of SEB's business is reflected in its presence in some 20 countries worldwide. On September 30, 2014, the Group's total assets amounted to SEK 2,840 billion while its assets under management totalled SEK 1,632 billion. The Group has about 16,000 employees. Read more about SEB at www.sebgroup.com.