Ikano Bank AB (publ) signed an agreement to acquire Consumer Finance Portfolio of Nordnet AB (publ) (OM:SAVE) on April 19, 2024. The final purchase price will be settled based on conditions at the closing day. If the closing had taken place on 31 March 2024, the purchase price would have been equivalent to about 101.5 percent of the lending volume.

The portfolio volume as of the end of March 2024, amounted to approximately SEK 3.8 billion and the number of customers to approximately 26,000. The acquisition is subject to approval from the Swedish Financial Supervisory Authority, The Swedish Competition Authority and the Inspectorate of Strategic Products. The acquisition is expected to close in the second half of 2024.

Nordea Bank Abp, Filial I Sverige acted as financial advisor to Nordnet AB. Cederquist & Co Aktiebolag acted as legal advisor to Nordnet AB. Advokatfirman Vinge KB acted as legal advisor to Ikano Bank AB (publ).