SEB has reached an agreement with GMAC Commercial Finance (GMAC CF) to acquire its Polish factoring and promissory note discounting operation, GMAC CF Sp. z o.o. The acquisition is expected to be completed by 31 July, 2008.
"Poland is a rapidly growing economy where we see strong demand for factoring and related products and services. SEB's clients will benefit from this acquisition which enhances our offering in Poland and brings to SEB the experienced staff and management team of GMAC CF Sp. z o.o," says Juergen Baudisch, head of SEB in Poland.
Following the acquisition, SEB offers its corporate customers a wide range of solutions in financing, cash management, trade finance, foreign exchange, leasing, vendor solutions and factoring in Poland.
SEB Enskilda acts as sole financial advisor to SEB in connection with the transaction.