Swedbank Signs An Agreement With Euronet To Outsource ATM Services And To Sell ATM Assets In The Baltics
| Published date | 16 January 2025 |
| Subject Matter | Finance and Banking, Financial Services |
| Law Firm | Ellex |
| Author | Ms Marta Cera |
LEAWOOD, Kan. ' Euronet has announced signing an agreement with Swedbank to acquire the bank's ATM assets and provide ATM outsourcing services in Estonia, Latvia and Lithuania. Ellex advised Swedbank on the transaction.
Under the agreement, Euronet will acquire the bank's in-branch and off-branch ATM assets in all three Baltic countries while ensuring seamless migration to Euronet's state-of-the-art Ren payments processing platform and integration with the bank's existing systems.
The Swedbank ATM network has 1,141 ATMs (373 in Estonia, 362 in Latvia and 406 in...
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