Nordea acquires Norwegian subsidiary of SocGen

Jonathan Boyd
clock • 1 min read

Nordea has agreed to pay €575m to acquire SG Finans AS, the Norwegian subsidiary of Society General that provides equipment finance and factoring solutions and operates across Norway, Denmark and Sweden. The deal is in line with Nordea's growth objectives and focus on its core home region, as outlined at its Capital Markets Day in October, the pan-Nordic financial group stated. Frank Vang-Jensen, president and Group CEO of Nordea, said: "We are happy to announce this transaction. SG Finans runs a successful business with very satisfied customers in three of our four home markets. This...

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Jonathan Boyd
Author spotlight

Jonathan Boyd

Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope.