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Nordea to sell shares in UC AB

The Finnish credit information company Asiakastieto Group (Asiakastieto) listed on NASDAQ Helsinki, is to acquire UC AB (UC) in a deal worth EUR340 million.

Nordea owns 26.1 per cent of the shares in UC and will receive 2,303,315 shares in Asiakastieto, equivalent to 9.6 per cent of the shares in the company after completion of the transaction, and approximately EUR26 million in cash.
The transaction results in a capital gain amounting to approximatle EUR86 million for Nordea, expected to be recognised in the result in the second quarter of 2018, based on Asiakastieto's share price as at 23 April 2018 of EUR27.30.
UC and Asiakastieto will together form one of the leading companies within business- and credit information in the Nordic region, focusing on digital services and data innovation. Both companies already have similar business models, share common Nordic values and have solid histories. The combination is expected to strengthen the market position, create better growth opportunities and enable quick deliveries of innovative and cost-efficient services to customers both on the local market as well on the overall Nordic market.

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