Svea Bank has made a SEK805m cash offer for Qliro, the Nasdaq Stockholm-listed payments company, offering SEK23.50 a share in an announcement on 9 November 2026.
Why Svea Bank AB (publ) is buying Qliro AB (publ)
Svea Bank's chief executive, Lennart Ågren, said in the announcement that the two companies have long been leading players in the Nordic payment solutions market and that adding Qliro's expertise to Svea's existing business would strengthen their joint position.
Deal terms and financing
The offer of SEK23.50 a share represents premiums of 85.0% to Qliro's close on 6 November, 80.6% to the one-month volume-weighted average price and 57.0% to the three-month average. Svea owns 3.48% and has agreed to buy 38.82% from Rite Ventures, Mandatum and Cidro Förvaltning at SEK17.79 a share, with the sellers to receive a top-up equal to the difference to the offer price. Svea will buy all shares tendered regardless of the final acceptance level, and the offer is funded entirely from existing cash.
Regulatory approvals and timing
Completion is conditional on approvals including from Finansinspektionen, the Inspectorate of Strategic Products and the Swedish Competition Authority. An offer document is expected around 18 December 2026, with settlement planned for about 4 March 2027. Svea intends to start a compulsory buy-out if it passes 90%.
Market context
The bid follows Svea's announcement on 6 November that it had agreed to raise its holding above the 30% threshold that triggers a mandatory offer obligation under Swedish takeover rules.
