Nordea has entered into an agreement with Société Générale to acquire all shares in SG Finans AS and intends to combine the business with Nordea’s pan-Nordic finance company, Nordea Finance. SG Finans provides equipment finance and factoring solutions and operates in Norway, Denmark and Sweden. The agreed purchase price amounts to EUR 575 million. The acquisition of SG Finans is subject to customary regulatory approvals and is expected to close during the second half of 2020.

Gernandt & Danielsson advises Nordea on Swedish law matters with a team consisting of Partners Caroline Jägenstedt Wikman (Corporate/M&A), Niclas Rockborn and Nils Unckel (Regulatory) and Rolf Larsson (Competition), Senior Associates Jonas Hämälä (Corporate/M&A), Henrik Appelqvist (Finance) and Helena Selander (Competition) and Associates Christopher Escalante and Pierre Olsson (Corporate & M&A).