SEB Kort Acquires Eurocard in Norway
SEB Kort has acquired 100 per cent of the shares of Europay Norge AS at a price of NOK 1 billion. Europay Norge has the rights to the Eurocard brand in Norway. The business includes direct card issuing, merchant acquiring and card support services."SEB has grown in the Nordic countries, Germany and in the Baltic States during the past few years. SEB's strategy is to realise the potential of these markets through organic growth but also to make add on acquisitions within existing business areas. Our card business is a stable and profitable business. This acquisition adds value to SEB," said