Finnish provider of businesses and consumer information services Asiakastieto Group and Swedish provider of business and credit information UC AB have completed their combination. Pursuant to the terms of the combination, Asiakastieto acquired UC for a consideration consisting of 98.8 million euros ($114.9 million) in cash and 8,828,343 newly issued shares in Asiakastieto.
The consideration shares represent approximately 36.9 percent of the shares in Asiakastieto following the completion of the combination.
The combination of Asiakastieto and UC creates one of the leading Nordic companies in digital services and data innovation with strong market positions in Finland and Sweden.
The consideration shares will be listed on the official list of Nasdaq Helsinki limited following the publication of a listing prospectus to be prepared by Asiakastieto, which is expected to take place on the third quarter of 2018.