Avanza buys Sigmastocks
The deal is described as being in line with Avanza's strategic priorities and goals for 2030 announced in the fall, and enables further growth in Private Banking.
"Our ambition is to become the market leader in Private Banking. One way to get there is to challenge and compete for the 1,000 billion in traditional discretionary management. Building a digital discretionary solution from scratch takes a long time. Through the acquisition, we gain access to a technical platform that we will further develop and over time also plan to adapt for more target groups," says Gustaf Unger, CEO of Avanza.
Sigmastocks has around SEK 500 million under management and approximately 7,000 customers.
The transaction is expected to be finalized in May next year, provided it passes the ownership test at Finansinspektionen.
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