Nordic-Baltic banking group Swedbank has acquired Sparbanken Öresund to enhance its market position in Southern Sweden.
Through a simultaneous structural deal, a new regional bank called Sparbanken Skåne will be formed in which Swedbank will have a 22% ownership.
Go deeper with GlobalData
As part of the deal, which will offer significant opportunities for long-term value creation, Swedbank will take over 16 branches of Sparbanken Öresund apart from a new market position in Båstad, Ängelholm and Lomma.
With this deal, Sparbanken Skåne will be the largest savings bank in Sweden.
Lars Ljungälv, currently CEO of Sparbanken Öresund, will become the new head of Swedbank’s Southern Region. In addition, Ljungälv will also become a member of Swedbank’s group executive committee.
Stojko Gjurovski, current head of the region, will continue in parallel for a transition period.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
