STOCKHOLM, Sweden, Jan. 9, 2003 (PRIMEZONE) -- Nordea (Other OTC:NRDAF), through Nordea Bank Finland Plc, has acquired the remaining 60% of the shares in Nordisk Renting AB from 3i Group Plc and the Sixth Swedish National Pension Fund.
Nordea already owns 40% of Nordisk Renting and has now exercised its option to acquire the remaining shares. The option became exercizable as from 1 January 2003. The purchase price is approximately EUR 118 million (SEK 1,075m).
The acquisition of the remaining shares in Nordisk Renting provides greater flexibility for Nordea's engagement in Nordisk Renting, which is currently being evaluated.
The acquisition is subject to approvals by the relevant competition authorities and will only have a marginal effect on Nordea's operating profit.
Nordisk Renting acquires, owns and develops properties for long-term leasing. For further information please see www.nordiskrenting.se.
For further information:
Jakob Grinbaum, Executive Vice President
Head of Group Treasury
+46 8 614 7891
Erik Evren, Head of Group Media Relations
+46 8 614 8611
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The following files are available for download:
http://www.waymaker.net/bitonline/2003/01/09/20030109BIT00430/wkr0001.doc
http://www.waymaker.net/bitonline/2003/01/09/20030109BIT00430/wkr0002.pdf