Swedbank’s acquisition of Sparbanken Öresund approved
ET | Source:Swedbank AB
The Swedish Financial Supervisory Authority today approved Swedbank’s
acquisition of Sparbanken Öresund and the creation of Sparbanken Skåne*. All
permissions have now been granted and the integration process will start.
As announced in February 2014, Swedbank acquired all outstanding shares in
Sparbanken Öresund. As part of the acquisition Swedbank will sell Sparbanken
Öresund’s business activities in Eslöv, Kävlinge, Lund and Staffanstorp to
Sparbanken Skåne. The acquisition has already been approved by the Swedish
Competition Authority and by the Board of Directors of Sparbanksstiftelsen
Öresund and Sparbanksstiftelsen Gripen.
Sparbanken Skåne will be owned by Sparbanksstiftelsen Färs & Frosta,
Sparbanksstiftelsen 1826 and Sparbanksstiftelsen Öresund with 26 per cent each
and by Swedbank owning 22 per cent.
An update over the financial impact for Swedbank following the acquisition will
be provided as soon as the integration work has advanced.
For further information please contact:
Cecilia Hernqvist, Head of Group Communications, Swedbank, tfn: +46 8 585 907 41
Anna Sundblad, Press Manager, Swedbank, tfn: +46 70 321 39 95
Maria Wallinius, Head of Marketing, Sparbanken Skåne, tfn: +46 734 13 13 86
* Proposed name.
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