SEB confirms dialogue with third parties regarding a possible divestment of its German Retail Banking business
(Thomson Reuters ONE) -
SEB has a diversified German business comprising a profitable corporate banking
and asset management business as well as a country-wide retail banking business.
SEB has since long communicated that the profitability in the German retail
banking business is unsatisfactory and it is therefore reviewing different
alternatives to resolve this situation. In this process, SEB has received third
party interest for acquiring the business and the bank is now pursuing a
dialogue with several parties regarding a possible divestment.
Germany is an important market for SEB and our customers and we will continue to
develop and invest in the corporate business there.
SEB confirms that it is pursuing a dialogue with third parties regarding a
possible divestment of its German retail business.
SEB is a North European financial group serving some 400,000 corporate customers
and institutions and five million private individuals. SEB offers universal
banking services in Sweden, Germany and the Baltic countries - Estonia, Latvia
and Lithuania. It also has local presence in the other Nordic countries, Ukraine
and Russia and a global presence through its international network in major
financial centres. On 31 March 2010, the Group's total assets amounted to SEK
2,285bn (~EUR 236bn) while its assets under management totalled SEK 1,382bn
(~EUR 143bn). The Group has about 21,000 employees. Read more about SEB at
www.sebgroup.com
_____________________________________________
For further information, please contact:
Ulf Grunnesjö, Head of Investor Relations, +46 8-763 85 01, +46 70-763 85 01
Viveka Hirdman-Ryrberg, Head of Group Communication, +46-8-7638577,
+46 70-550 35 00
[HUG#1415833]
Press Release (PDF): http://hugin.info/1208/R/1415833/366753.pdf
Unternehmensinformation / Kurzprofil:
Datum: 14.05.2010 - 08:31 Uhr
Sprache: Deutsch
News-ID 20899
Anzahl Zeichen: 0
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 207 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"SEB confirms dialogue with third parties regarding a possible divestment of its German Retail Banking business"
steht unter der journalistisch-redaktionellen Verantwortung von
SEB (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
