SEB exits its Norwegian car financing operations>

SEB exits its Norwegian car financing operations

(Thomson Reuters ONE) - SEB has reached an agreement with Volkswagen Financial Services totransfer its car financing operations in Norway.The operations, conducted within Møller BilFinans, provide carfinancing to end customers through co-operation agreements with cardealers and are owned jointly by SEB and MøllerGruppen. The businesshas 31 employees.The exit decision is in line with SEB's strategy of focusing itsactivities on core areas.The transaction is expected to be completed in the fourth quarter of2009 and is not expected to have any material impact on SEB'soperating results.SEB is a North European financial group serving some 400,000corporate customers and institutions and five million privateindividuals. SEB offers universal banking services in Sweden, Germanyand the Baltic countries - Estonia, Latvia and Lithuania. It also haslocal presence in the other Nordic countries, Ukraine and Russia anda global presence through its international network in majorfinancial centres. On 31 March 2009, the Group's total assetsamounted to SEK 2,460bn (~EUR 225bn) while its assets undermanagement totalled SEK 1,187bn (~EUR 108bn).The Group has about21,000 employees. Read more about SEB at www.sebgroup.com_____________________________________________For further information, please contact:Karin ÿkvist, Head of Leasing & Factoring,+46 8 763 9770, + 46 70 6088 602Press contact: Elisabeth Lennhede, +46 70 763 99 16http://hugin.info/1208/R/1327787/312896.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: hugin
Datum: 08.07.2009 - 15:00 Uhr
Sprache: Deutsch
News-ID 3366
Anzahl Zeichen: 0

contact information:
Town:

London

Kategorie:

Business News

Diese Pressemitteilung wurde bisher 261 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"SEB exits its Norwegian car financing operations>"
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).

SEB named Nordic Financial Advisor of the Year at The 2009 Financial Times and M ...

SEB Enskilda has been voted as 2009 Nordic Financial Advisor of the Year at the Financial Times and Mergermarket European M&A Awards announced in London on December 9th. The Awards utilise both M&A transaction data and independent expert opin ...

SEB compensates institutional investors in Estonia ...

SEB in Estonia has in a specific case decided to compensate investors du to an omission to fulfil its information obligations. As collateral agent for the Estonian company OU TR Majad' s private placement of its corporate bond in June 2007 to i ...

Investment Outlook: Anatomy of the recovery ...

Much of the world economy has caught its breath. We are in the midst of a much-needed recovery phase, after a number of "green shoots" began appearing in the economy as early as last spring. Corporate earnings reports have largely provided ...

Alle Meldungen von SEB