Wind down of Catella’s banking operations to be completed
The Board of Directors of Catella AB (publ) has decided today to wind down operations in Catella Bank with the ambition to return the banking license to the supervisory authority during the first half of 2021.Catella has previously announced that it expects a net result from divestments and costs related to the wind down, which protects value in the form of equity of SEK 437 million. Sales revenue has been in line with the values that were projected, while costs are higher, partly due to the fact that the wind down took longer than expected. Approximately SEK 350 million in values related