P27 Nordic Payments Platform acquires Bankgirot
P27 Nordic Payments Platform (P27) has signed an agreement to acquire Bankgirocentralen BGC AB, Bankgirot, Sweden's only clearing house for mass payments. Bankgirot has a central role in the Swedish payment system and handles transactions of a total value of approx.
SEK 73 billion per day.
P27 is a joint initiative between Danske Bank, Handelbanken, Nordea, OP Financial Group, SEB and Swedbank with the ambition to create one common payment platform in the Nordic countries.
The transaction is subject to regulatory approvals.
Mannheimer Swartling acted as legal advisor in the transaction.