SEB sells shares in Tallinn and Vilnius exchanges to NASDAQ OMX
Nordic
SEB has agreed with NASDAQ OMX Nordic to sell its minority
shareholdings in NASDAQ OMX Tallinn and NASDAQ OMX Vilnius exchanges.
"For SEB and all other market participants in the Baltic countries it
is important to grow the size and improve the liquidity of these
markets", says Annika Falkengren, CEO and President of SEB. "The sale
of our shares is an important step in this direction and is positive
not only to us but to the region as a whole", states Annika
Falkengren.
Prior to NASDAQ OMX's acquisition of the shares in NASDAQ OMX Tallinn
and NASDAQ OMX Vilnius, SEB held 12.1 percent of the shares in NASDAQ
OMX Tallinn and 1.2 percent in NASDAQ OMX Vilnius. As a consequence
of the transaction, SEB is divesting all of its shares in the two
exchanges.
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 30 September 2009, the Group's total assets
amounted to SEK 2,233bn (~EUR 219bn) while its assets under
management totalled SEK 1,295bn (~EUR 127bn).The Group has about
20,000 employees. Read more about SEB at www.sebgroup.com.
_____________________________________________
For further information, please contact:
Press contact: Elisabeth Lennhede, +46 70-763 99 16,
Elisabeth.lennhede@seb.se
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
