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Announced

P27 Nordic Payments Platform to acquire Bankgirot from Swedish banks.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Private

Sweden

Majority

Payments / Commerce

mass payment

Acquisition

Single Bidder

Domestic

Friendly

Synopsis

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P27 Nordic Payments Platform, a payment initiative that connects the Nordic region, agreed to acquire Bankgirot, the Swedish mass payment clearing house behind Swish, from Danske Bank, Nordea, SEB, Skandiabanken and Swedbank. Financial terms were not disclosed. “P27’s acquisition of Bankgirot is a very important step in our ambition to build a solid Nordic clearing infrastructure. This will enable the Nordics to take the lead in building the world’s first integrated cross-border and cross-currency payments region, facilitating the needs of banks, consumers and society at large,” Lars Sjögren, P27 Nordic Payments Platform CEO.

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