SEB Kort Bank completed the acquisition of AirPlus from Lufthansa for €450m.

SEB Kort Bank, a corporate payment solutions provider, completed the acquisition of AirPlus, a provider within corporate payment services, from Lufthansa, a company that provides passenger and cargo air transportation services worldwide, for €450m. “We are pleased to have found a strong new owner for AirPlus from the financial industry. SEB Kort brings along a great amount of experience in the payment business and has the full support of the AirPlus management. AirPlus is perfectly positioned in the market and, as part of a larger financial group, will be able to realize its potential better than in the Lufthansa Group. In turn, it enables us to focus even more on further improving the profitability and capital return of the Lufthansa Group core business. My thanks go to the employees of AirPlus. They have made their company a global leader in B2B payment services,” Remco Steenbergen, Lufthansa CEO.