SEB has completed the divestment of SEB Asset Management AG, including its main subsidiary SEB Investment GmbH, to Savills plc in accordance with the agreement announced on 19 March 2015. The consideration is up to €21.5 mln and paid in two installments. The sale encompasses assets under management of around €10 bln. The transaction is approximately neutral for SEB's profit and capital ratios before a goodwill allocation of €19.61 mln (187 mln SEK).
Source: SEB Group
