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    SHB A   SE0007100599

SVENSKA HANDELSBANKEN AB

(SHB A)
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Svenska Handelsbanken : Handelsbanken to sell card acquiring business to Worldline

07/27/2021 | 01:01am EDT

Stockholm, July 27, 2021

Handelsbanken has entered into an agreement to sell its card acquiring business to Worldline. In 2020, the business had net commission income of approximately SEK 190 million and external costs of approximately SEK 20 million

In conjunction with the sales agreement, Handelsbanken has also entered into a distribution agreement with Worldline. The compensation to the Bank for the sale is approximately SEK 2,000 million.

The transfer of the card acquiring business is a consequence of Handelsbanken's review of its payment business, initiated in autumn 2020.

Worldline offers digital payment services in the Nordic countries and Europe, as well as globally. Worldline has turnover of around EUR 5 billion.

Completion of the transaction is contingent on the satisfaction of certain customary notification procedures and is expected to take place during 2021.

Handelsbanken Capital Markets and Citigroup have acted as financial advisors, and  Mannheimer & Swartling as legal advisors, to Handelsbanken.

For further information, please contact:

Lars Höglund, Head of  Handelsbanken Investor Relations and Financial Strategy,
+46 70 345 51 70

Viktoria Aastrup, Head of Group Media Relations, +46 73 043 51 59

For more information about Handelsbanken, see: www.handelsbanken.com

https://news.cision.com/handelsbanken/r/handelsbanken-to-sell-card-acquiring-business-to-worldline,c3389295

https://mb.cision.com/Main/3555/3389295/1448345.pdf

(c) 2021 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
SVENSKA HANDELSBANKEN AB 0.02% 95.26 Delayed Quote.15.33%
WORLDLINE -1.76% 68.01 Real-time Quote.-14.02%
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Financials
Sales 2021 45 779 M 5 274 M 5 274 M
Net income 2021 17 761 M 2 046 M 2 046 M
Net Debt 2021 - - -
P/E ratio 2021 10,6x
Yield 2021 6,85%
Capitalization 189 B 21 733 M 21 742 M
Capi. / Sales 2021 4,12x
Capi. / Sales 2022 4,03x
Nbr of Employees 12 334
Free-Float 89,2%
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Last Close Price 95,26 SEK
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Carina ┼kerstr÷m President, Chief Executive Officer & Director
Carl Cederschi÷ld Chief Financial Officer & Deputy CEO
Pńr Boman Chairman
Katarina Berner Fr÷sdal Chief Operating Officer
Maria Tornell Head-Compliance
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