SEB sells holdings in Mastercard, capital gain of SEK 1.1 billion – Dagens Industri

SEB sells holdings in Mastercard, capital gain of SEK 1.1 billion – Dagens Industri

SEB sells holdings in Mastercard, capital gain of SEK 1.1 billion

                  2014-10-03 08:36
             

 (SIX) SEB has sold its entire holding of shares in MasterCard,  representing less than 0.2 percent of the company's share capital.  Capital gain after tax is estimated at 1.1 billion and  will be included in the quarterly report for the third quarter.       It appears from a statement.       The holding in SEB Kort goes back to when MasterCard was a  member-organization, while today it is listed on the New  York Stock Exchange.       As the holding has a market value of equity  Other comprehensive income, the size of SEB's equity to be  unaffected. The positive effect on capital ratios calculated at 20  points, which at the end of June would have meant a  core Tier I capital ratio of 16.2 percent and the capital adequacy ratio of 20.7  percent, pro forma, it is said.       Furthermore, does not affect the sale of SEB's card business.    Anton Wilén  mailto: anton.wilen@six-group.se  www.blogg.six.seSIXNews  SIX News