STOCKHOLM IT VENTURES ANNOUNCES ACQUISITION OF SAS BANK
STOCKHOLM, SWEDEN (24 October 2018) – Stockholm IT Ventures AB (Frankfurt Stock Exchange: SVAB – ISIN SE 0006027546), today announced it has acquired SAS Bank (www.sasrbank.com) for a shares and cash consideration. The bank, based in the Philippines, is seen to be a critical part of Stockholm IT Ventures plans for a digital bank."We are thrilled to do this deal as we believe it was a missing piece of the puzzle to round out our future plans" said Anthony Norman, CEO of Stockholm IT Ventures AB. "The acquisition really gives us a core component of our vision of becoming a digital bank,