SEB: UC AB's owners contributing to build 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. SEB owns 28 % of the shares in UC and will receive 2 441 920 shares in Asiakastieto, equivalent to 10.2% of the Company, and SEK 0.3 bn in cash. The Bank intends to be a long term shareholder of the new group. The transaction results in a capital gain of about SEK 0.9 bn expected to be recognised in the Bank's result in the second quarter of 2018, (based on current share price and EUR/SEK exchange rate).The transaction is subject