Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Swedbank initiates sale of Payex
September 23, 2020
Back in June, it was reported in Swedbank’s half-year report that the bank was exploring options for its payment business. According to Di's sources, Swedbank has now started a sale of its payment solutions, including Gotland-based Payex. The total operations set for sale is estimated to have revenues of just over SEK 1bn and EBITDA margin from less than 10 pct. to approx EUR 30m in profit. PE firms are predicted to be potential bidders while industry players as Nets and Worldline could be interested as well. JP Morgan is reportedly advisors to Swedbank. Jens Henriksson is CEO at Swedbank
ⓘ This story was originally featured in our daily M&A Insights newsletter.
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