Handelsbanken sells shares in MasterCard

Handelsbanken has divested its holding in MasterCard Inc. The shareholding was acquired when the company changed from being a member-owned organisation to a listed company.

The sale is expected to generate a total capital gain after tax of SEK 620 million, which will be included in the financial results for the first quarter of 2016. Handelsbanken’s equity will not be affected, since the shares were previously reported at market value in Other comprehensive income. The transaction is expected to reduce the Bank’s risk exposure amount by SEK 700 million.

The divestment has no impact on card operations at Handelsbanken.
 

For further information, please contact:
Mikael Hallåker, Head of Investor Relations: Tel. +46 8 701 29 95
 

This information is of the type which Handelsbanken is obliged to make public according to the Swedish Securities Market Act. The information was submitted for publication on 17 March 2016 at 4 p.m. CET. For more information about Handelsbanken, see: www.handelsbanken.com