SEB has agreed with NASDAQ OMX Nordic to sell its minority shareholdings in NASDAQ OMX Tallinn and NASDAQ OMX Vilnius exchanges.
"For SEB and all other market participants in the Baltic countries it is important to grow the size and improve the liquidity of these markets", says Annika Falkengren, CEO and President of SEB. "The sale of our shares is an important step in this direction and is positive not only to us but to the region as a whole", states Annika Falkengren.
Prior to NASDAQ OMX's acquisition of the shares in NASDAQ OMX Tallinn and NASDAQ OMX Vilnius, SEB held 12.1 percent of the shares in NASDAQ OMX Tallinn and 1.2 percent in NASDAQ OMX Vilnius. As a consequence of the transaction, SEB is divesting all of its shares in the two exchanges.
SEB is a North European financial group serving some 400,000 corporate customers and institutions and five million private individuals. SEB offers universal banking services in Sweden, Germany and the Baltic countries - Estonia, Latvia and Lithuania. It also has local presence in the other Nordic countries, Ukraine and Russia and a global presence through its international network in major financial centres. On 30 September 2009, the Group's total assets amounted to SEK 2,233bn (~EUR 219bn) while its assets under management totalled SEK 1,295bn (~EUR 127bn).The Group has about 20,000 employees. Read more about SEB at www.sebgroup.com
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