Handelsbanken enters into an agreement to sell private, SME and life insurance operations in Finland
Handelsbanken AB has reached an agreement with S-Bank Plc, Oma Savings Bank Plc and Fennia Life Insurance Company Ltd regarding the transfer of parts of the Bank’s operations in Finland. The private customer, asset management and investment services operations are to be sold to S-Bank, who will also take over lease agreements for branch offices. The small and medium-sized enterprise operations are to be sold to Oma Savings Bank. The life insurance operations are to be sold to Fennia Life Insurance Company. Upon the transfer date, the Bank will receive cash consideration equal to the actual