Morrow Bank AB advances integration of MedMera Bank with divestment of non-core operations, as well as NPLs
Sweden, Sept. 10 -- Morrow Bank AB (the "Bank" or "Morrow Bank") announced an agreement to divest parts of MedMera's operations that are non-core to Morrow Bank to a leading global credit investment firm (the "Buyer"). The divestment is structured as a sale of shares and priced at a premium of approximately SEK 90 million above equity value per the completion date.This follows Morrow Bank's announcement on 8 June 2026 that it would evaluate strategic alternatives for selected non-core assets following the acquisition of MedMera.The transaction includes parts of MedMera's banking operations, such as IT infrastructure, organisation and management. Morrow Bank will retain MedMera's performing loans, deposits, customers, the MedMera brand and t...
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