Nordea has completed the acquisition of SG Finans
Nordea announced on 19 December 2019 that it had entered into an agreement with Société Générale to acquire all shares in SG Finans AS (“SG Finans”) and combine the business with Nordea’s Nordic finance business, Nordea Finance. As previously announced, the transaction was subject to customary regulatory approvals. Those approvals have now been received and the acquisition was completed today. The transaction is expected to have a positive impact on the Nordea Group’s total annual income of about EUR 140 million and decrease its Common Equity Tier 1 ratio by around 35-40 bp. The