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Barclays Bank Plc and FöreningsSparbanken AB in joint venture

April 26, 2005

FöreningsSparbanken, the Swedish savings bank and Barclays Bank plc, the listed British banking group have agreed to form a joint venture to sell and distribute credit cards in the Nordic market. FöreningsSparbanken will have a 60% stake in the JV and Barclays will hold the balance. The transaction is inter alia subject to approval by the Swedish FSA and the European Commission.

Vinge acted for Barclays Bank plc.
Michael Wigge (reponsible partner)
Ulrich Ziche, Dan Hanqvist (associates)

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