Catella divests Nordic Fixed Income
Catella has signed an agreement with Arctic Securities AS to sell all shares in its subsidiary Nordic Fixed Income AB.
Catella owns 55 percent of the shares in Nordic Fixed Income AB. Arctic's acquisition is conditional upon an ownership assessment that is expected to be completed during the third quarter of 2015. The purchase price, which is based on the company's equity, will be established at the time of transfer. Based on the results for the first quarter, the effect on Catella's earnings would be marginally positive.
"We will continue to provide our clients with financing solutions as an integral part of our other advisory activities," says Knut Pedersen, President and CEO at Catella.
Nordic Fixed Income is a minor operation and is part of Catella's Swedish Corporate Finance activities. The company has 11 employees in Sweden and operates under the Nordic Fixed Income brand. Following the sale, Nordic Fixed Income will become part of Arctic Securities AS, which is an independent Norwegian investment bank.
For more information, please contact:
CEO and President
46 8 463 33 10
Ann Charlotte Svensson
Head of Communications
46 8 463 32 55, 46 72 510 11 61
About Catella: Catella is a financial advisor and asset manager with specialist expertise within property, fixed income and equities. We have a leading position in the property sector and a strong local presence in Europe, with some 500 employees in 12 countries. Catella is listed on First North Premier at Nasdaq Stockholm. Read more at catella.se.