SEB completes the acquisition of AirPlus
SEB Group’s wholly owned subsidiary SEB Kort Bank AB has today, following receipt and fulfilment of regulatory approvals and closing conditions, completed the acquisition of AirPlus International GmbH (“AirPlus”). The acquisition, which was announced on 21 June 2023, was subject to customary regulatory approvals and closing conditions. Approvals and conditions have now been received and fulfilled, and AirPlus will be part of SEB Group as of 1 August 2024. The agreed cash purchase price for AirPlus is approximately EUR 450m. The transaction is expected to affect SEB’s CET1 ratio