SEB (SEB Kort) Completes Acquisition of AirPlus International

July 31, 2024

SEB Group’s subsidiary SEB Kort Bank AB completed the acquisition of AirPlus International GmbH, effective 1 August 2024, following receipt of regulatory approvals. The agreed cash purchase price is approximately EUR 450 million; SEB said the deal will initially reduce its CET1 ratio by ~45–50 basis points and is expected to be EPS accretive in year one (ex. implementation costs).

Buyers
SEB Kort Bank AB (SEB Group)
Targets
AirPlus International GmbH (AirPlus)
Location
Hesse, Germany
Transaction Type
Buyout

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