Catella’s divestment of Card Issuing operations completed
On December 18, 2018, Catella Bank S.A., a wholly owned subsidiary of Catella AB (publ), announced that it had entered into an agreement to divest its Card Issuing operations in Luxembourg to Advanzia Bank S.A. The transaction is now completed and the fixed consideration amounts to, as previously communicated, SEK 126 Million with an additional earn-out structure with a maximum potential of approx. SEK 240 Million.As previously communicated, Catella expects approximately SEK 126 Million to accrue to Catella regarding the earn-out. The earn-out will be reported at the end of 2019 or at the