STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
On 6 February 2013, Handelsbanken (STO:SHBA) (OSE:SHB) announced that an agreement had been entered into with the British wealth management firm Heartwood Wealth Group Ltd (”Heartwood”) concerning acquisition of shares in the company.
Handelsbanken has now received permission from the British financial supervisory authority (Financial Conduct Authority) to acquire Heartwood. This means that all the conditions for the acquisition have been met.
Handelsbanken is acquiring all shares in Heartwood, including its wholly owned subsidiary Heartwood Wealth Management Ltd. Initially, the acquisition will have only a marginal impact on the Handelsbanken Group’s key figures.
Heartwood has some 90 employees and conducts discretionary management with assets under management of approximately GBP 1.6 billion.
Handelsbanken discloses the information provided herein pursuant to the Securities Markets Act. Submitted for publication on 24 May 2013, at 11.00 CET.
For more information about Handelsbanken, please go to: www.handelsbanken.com
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