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Swedbank receives approval for acquisition of Sparbanken Oresund

Friday, 16 May 2014 08:00am EDT 

Swedbank AB:Says The Swedish Financial Supervisory Authority has approved Swedbank's acquisition of Sparbanken Oresund and the creation of Sparbanken Skane.Says all permissions have now been granted and the integration process will start.As earlier announced as part of the acquisition Swedbank will sell Sparbanken Oresund's business activities in Eslov, Kavlinge, Lund and Staffanstorp to Sparbanken Skane.Sparbanken Skane will be owned by Sparbanksstiftelsen Fars & Frosta, Sparbanksstiftelsen 1826 and Sparbanksstiftelsen Oresund with 26 percent each and by Swedbank owning 22 percent. 

Company Quote

-0.14 -0.56%
19 Dec 2014