Sweden's Svea Bank Makes SEK805 Million Play for Fintech Company Qliro

02:41 AM EST, 11/09/2026 (MT Newswires) -- Sweden-based Svea Bank launched a cash takeover offer for fintech company Qliro (QLIRO.ST), offering 23.50 kronor per share and valuing the latter at 805 million kronor. Svea Bank, which currently holds a 3.48% stake in Qliro, has signed conditional agreements with the shareholders of the target company that would raise its stake to 42.30%, according to a Monday release. The acceptance period is expected to run from Dec. 21, 2026, through Feb. 25, 2027. After acquiring a more than 90% stake in Qliro, the bidder intends to initiate a compulsory buy-out procedure, followed by a delisting of Qliro's shares from Nasdaq Stockholm. Qliro's board is reviewing the offer and has recommended that its shareholders refrain from taking any action.