July 2, 2014 - Assignment

Spar Nord divests Swedish leasing activities

Spar Nord A/S has agreed to divest its Swedish leasing activities to PICAN AB. The transaction comprises leasing commitments at an approximate total value of SEK 450 million.

Spar Nord was founded in 1824 and is today one of Denmark’s major banks. PICAN AB is a Swedish leasing company.

Mannheimer Swartling advised on legal matters in the transaction. The firm’s team was led by Niklas Bogefors, primarily assisted by Pontus Malmunger.