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NORION — Norion Bank AB News Story

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Brief: Norion Bank Buys Verkkokauppa.com's Consumer Financing Business

June 2 (Reuters) - Norion Bank AB NORION.ST:

ACQUIRES VERKKOKAUPPA.COM’S CONSUMER FINANCING BUSINESS – STRENGTHENS WALLEY’S EXPANSION

ACQUISITION INCLUDES CREDIT PORTFOLIO OF ABOUT SEK 350 MILLION

ACQUISITION IS EXPECTED TO BE COMPLETED DURING SECOND HALF OF 2025

ACQUISITION IS ANTICIPATED TO CONTRIBUTE POSITIVELY TO NORION BANK'S PROFITABILITY FROM START

Source text: ID:nMFN1sxBBW

Further company coverage: NORION.ST

 (Gdansk Newsroom)

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