Handelsbanken completes acquisition of Heartwood in the UK
On 6 February 2013, Handelsbanken announced that an agreement had been entered into with the British wealth management firm Heartwood Wealth Group Ltd (”Heartwood”) concerning acquisition of shares in the company.
Handelsbanken has now received permission from the British financial supervisory authority (Financial Conduct Authority) to acquire Heartwood. This means that all the conditions for the acquisition have been met.
Handelsbanken is acquiring all shares in Heartwood, including its wholly owned subsidiary Heartwood Wealth Management Ltd. Initially, the acquisition will have only a marginal impact on the Handelsbanken Group’s key figures.
Heartwood has some 90 employees and conducts discretionary management with assets under management of approximately GBP 1.6 billion.
For further information, please contact:
Anders Bouvin, head of Handelsbanken UK, +46 8 22 92 20
Mikael Hallåker, head of Investor Relations, +46 8 701 2995, firstname.lastname@example.org
Handelsbanken discloses the information provided herein pursuant to the Securities Markets Act. Submitted for publication on 24 May 2013, at 11.00 CET.
For more information about Handelsbanken, please go to: www.handelsbanken.com