June 5, 2012 - Assignment

SN Finans Nord transfers business area to Wasa Kredit

SN Finans Nord AB, a Swedish subsidiary of the Danish Spar Nord A/S Group, has transferred part of its financing business to Wasa Kredit, a subsidiary of Swedish insurance and banking group Länsförsäkringar AB. As part of the transaction, Wasa Kredit will take over financing contracts totaling approximately SEK 800 million. SN Finans Nord provides financing to companies within construction, transportation, agriculture and industry.

SN Finans Nord was advised by Mannheimer Swartling in the transaction. The firm’s team was led by partner Niklas Bogefors, assisted by associate Pontus Malmunger.