Swedbank to acquire Stabelo for SEK350m.

Swedbank, a Swedish multinational banking group, agreed to acquire Stabelo, a tech-led mortgage business, for SEK350m. "The acquisition of Stabelo gives us new opportunities to be able to meet more target groups of, among others, younger and more digital customers. At the same time, we can develop the company by putting Swedbank's financial and knowledge resources behind an established brand," Tomas Hedberg, Swedbank Deputy CEO.