FS-Banken and SEB Announce Merger


Two of Sweden’s largest banks, SEB and FцreningsSparbanken, yesterday announced plans for a $15.9bn merger. It is hoped that the merger will provide the banks with a platform for European expansion, creating Scandinavia’s second largest bank by assets and third largest by market value. The combined bank is to be called SEB Swedbank.

SourceFinancial Times

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    Posted on Feb 26, 2001
    Region: Sweden