On 27th of March 2019, the Norwegian Financial Supervisory Authority, Finanstilsynet, approved Nordnet’s acquisition of all stocks in Netfonds Bank AS and Netfonds Livsforsikring AS. At the same time, a merger between the companies was approved, where Netfonds Bank AS merges with Nordnet Bank AB and Netfonds Livsforsikring AS merges with Nordnet Livsforsikring AS. The above means that the transaction between Nordnet and Netfonds could be completed, which took place on April 5. In connection with the completion of the transaction, Nordnet AB (publ) made an issue of new shares amounting to 250 MSEK, which was subscribed for by existing owners in relation to their holdings.
The work with integrating the two operations continues, where we want to take the best from Netfonds and combine it with the best from Nordnet. Our goal is to build Norway’s best user experience for savings and investments with Nordnet’s web service and brand as a basis. The plan is for our shared customers to use the same platform beginning in summer 2019.