SEB Completes Acquisition of Factorial Bank

A major Swedish bank, SEB, has completed the process of taking over Factorial Bank (FKTB: HOLD). SEB paid USD 116.7 mln for a 97.25% stake in Factorial Bank. The acquisition’s legal advisor, DLA Piper, announced that the deal was closed last Friday after the parties had fulfilled all the condititions and the Antimonopoly Committee’s permission was received. Concorde Capital acted as a sole financial advisor of the deal.