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2020-10-01

Nordea has completed the acquisition of SG Finans

The transaction is expected to have a positive impact on the Nordea Group's total annual income of about EUR 140 million and decrease its Common Equity Tier 1 ratio by around 35-40 bp. The transaction is expected to result in a minor increase in the Nordea Group's earnings per share and return on equity.

SG Finans provides equipment finance and factoring solutions. It has approx. 360 employees and operates in Norway, Denmark and Sweden.
 

For further information:
Peter Hupfeld, CEO of Nordea Finance, +45 30 32 79 53
Group Communication, +358 104 168 023 or press@nordea.com

 

 
Nordea is the leading Nordic universal bank. We are helping our customers realise their dreams and aspirations - and we have done that for 200 years. We want to make a real difference for our customers and the communities where we operate - by being a strong and personal financial partner. The Nordea share is listed on the Nasdaq Helsinki, Nasdaq Copenhagen and Nasdaq Stockholm exchanges. Read more about us on nordea.com.

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