Nordiska Kreditmarknadsaktiebolaget (publ)’s (”Nordiska”) subsidiary Rocker AB (publ) (”Rocker”) has today entered into an asset purchase agreement to acquire a performing loan portfolio from Svenska Handelsbanken AB (publ) and a performing loan portfolio from Ecster AB. Whilst the greater part of the portfolios are performing loans, Rocker will also acquire certain non-performing loans related to the same loan product as under the performing loan portfolios. The loan portfolios are located in Finland.
The acquisitions, which represent an aggregate purchase price of approx. MEUR 120, are a beneficial way for Nordiska’s group to grow its lending and utilise its scalable banking platform and unleashing Rocker’s full potential with Nordiska Embedded.
The acquisitions are expected to close during the first half of 2025 with settlement in cash. The economic benefit, and risk, is to be assumed by Rocker from 1 January 2025. The acquisitions are subject to regulatory approval and will be fully covered by the Nordiska group’s available liquidity and capital.
DLA Piper is legal advisor to Nordiska and Rocker in Sweden and Finland in connection with the transaction.
This information is of the type that Nordiska Kreditmarknadsaktiebolaget (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 23:55 CET on 23 December 2024.
For more information, please visit Nordiska’s website at nordiska.seor contact:
Mikael Gellbäck, Chief Executive Officer
Tel: +46 8 23 28 00
Mail: mikael.gellback@nordiska.com
Nordiska is a bank that provides innovative financial products for both companies and consumers. Nordiska Embedded is a platform for built-in financial services, where we offer savings, loans or payment services, either under our own brand or through partners. Nordiska also provide corporate and property financing as well as sustainable savings with a government deposit guarantee. Read more about Nordiska here: https://www.nordiska.se/om-nordiska/