Citigiro Holding AB has successfully divested its banking platform to Valuno Group AB for a total consideration of 50 million SEK, enhancing its focus on core operations while entering a strategic partnership.

Target Company Overview

Citigiro Holding AB has announced the completion of a sale involving its wholly-owned subsidiary, which encompasses the banking platform that served as the backbone for the operations of the former Intergiro Intl AB (Public). This divestiture is being made to Valuno Group AB (Public).

The total sales price for the transaction amounts to 50 million SEK, with 37.5 million SEK payable in shares of Valuno Group AB and the remaining 12.5 million SEK to be paid in cash. Of the shares involved in the transaction, 50% will be subject to a six-month lock-up period, contingent upon shares being sold in the market.

Industry Overview in Sweden

Sweden’s fintech industry has seen rapid growth in recent years, driven by a robust tech ecosystem and a high demand for innovative financial solutions. As a nation known