Klarna grows again, acquiring Close Brothers Retail Finance to strengthen position in UK market
Stockholm, Sweden and London, United Kingdom, September 14, 2018 - The leading payment provider Klarna Bank AB (“Klarna”) today announced that it is acquiring Close Brothers Retail Finance (“CBRF”) from leading UK merchant banking group Close Brothers Group plc (“Close Brothers”). The acquisition will significantly strengthen Klarna’s position in the UK market for retail financing and will enable accelerated growth and expansion of the consumer offering.Michael Rouse, Chief Commercial Officer of Klarna: “We are delighted to welcome CBRF to Klarna, the complementary talents and propositions
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