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EQS Group-News: Nordea Bank AB (publ) / Key word(s): Miscellaneous
Nordea Bank AB (publ): Nordea to divest its shares in UC AB
2018-04-24 / 09:00
*Nordea to divest its shares in UC AB *
*The Finnish credit information company Asiakastieto Group Plc
("Asiakastieto") listed on NASDAQ Helsinki has entered into an agreement
with all owners of UC AB ("UC"), including Nordea, to acquire UC at a price
amounting to appr. 340 mn euro. Nordea owns 26.1 % of the shares in UC and
will receive 2,303,315 shares in Asiakastieto, equivalent to 9.6 % of the
shares in the company after completion of the transaction, and appr. 26 mn
euro in cash.*
The transaction results in a capital gain amounting to appr. 86 mn euro for
Nordea, expected to be recognised in the result in the second quarter of
2018, based on Asiakastieto's share price as at 23 April 2018 of 27.30 euro.
The transaction is subject to approval from the Board of Asiakastieto to,
among other things, issue new shares (to be subscribed for by Nordea and the
other sellers), relevant approval from competition authorities and certain
other conditions.
UC and Asiakastieto will together form one of the leading companies within
business- and credit information in the Nordic region, focusing on digital
services and data innovation. Both companies already have similar business
models, share common Nordic values and have solid histories. The combination
is expected to strengthen the market position, create better growth
opportunities and enable quick deliveries of innovative and cost-efficient
services to customers both on the local market as well on the overall Nordic
market.
*For further information:*
Claes Eliasson, Co-Head of Group External Communications, +46 721 416 712
This information is provided by RNS
The company news service from the London Stock Exchange
End of Corporate News
Language: English
Company: Nordea Bank AB (publ)
Smålandsgatan 17
105 71 Stockholm
Sweden
ISIN: CH0284415681
Valor: A1Z2TU
Listed: SIX Swiss Exchange
End of News EQS Group News Service
678013 2018-04-24
(END) Dow Jones Newswires
April 24, 2018 02:59 ET (06:59 GMT)
