Swedbank strengthens market position in southern Sweden
Supplementary information regarding press release "Sparbanken Skåne* – a new strong regional bank" at 07:00 CET on Friday 14 February. Swedbank acquires Sparbanken Öresund. Through a simultaneous structural deal, a new regional bank – Sparbanken Skåne* – is being formed in which Swedbank will have a 22 per cent ownership. The deal offers significant opportunities for long-term value creation. · Swedbank strengthens its market position in a significant growth region · Swedbank takes over 16 branches from Sparbanken Öresund · New market position in Båstad, Ängelholm and Lomma