UC AB owners contributing to building new Nordic credit services player
The listed Finnish credit information company Asiakastieto Group Plc (“Asiakastieto”) has come to an agreement with all owners of UC AB (“UC”) to acquire UC for a consideration of approximately SEK 3.5bn. Swedbank owns 20 per cent of the shares in UC which today is treated as an associate company, and will receive 1,765,669 shares in Asiakastieto, equivalent to 7.4 per cent of the company post transaction completion, and approximately SEK 200m in cash. Swedbank intends to be a long term shareholder of the new group.The transaction will result in a tax-free capital gain of approximately SEK