SEB Kort Bank AB signed an agreement to acquire Lufthansa AirPlus Servicekarten GmbH from Deutsche Lufthansa AG (XTRA:LHA) for ?450 million on June 20, 2023. The consideration will be paid in cash. The transaction includes Lufthansa AirPlus Servicekarten GmbH in Neu-Isenburg as well as all international subsidiaries and branches of AirPlus. AirPlus will continue to be a member of the UATP global payments network after the sale; AirPlus? employees as well as its many customers will join SEB Kort and SEB. AirPlus? total revenues amounted to about ?231 million in 2022. The transaction is subject to the necessary preparations and required external approvals, primarily from various financial regulators and is expected to close during the first half of 2024. J.P. Morgan and SEB Corporate Finance acted as financial advisors and Freshfields Bruckhaus Deringer as legal advisor to SEB and SEB Kort. Goldman Sachs acted as financial advisor to the Lufthansa Group. Andreas Löhdefink, Cornelia Topf, Patrick Kaffiné, Stefan Mayer, Ocka Stumm, Wolfgang Bosch, Alexander Fritzsche, Jacob von Andreae of Gleiss Lutz acted as legal advisor to Lufthansa Group. Daniel Rosvall, Caroline Krassén from Advokatfirman Vinge KB acted as legal advisors to Seb Kort Bank AB.

SEB Kort Bank AB completed the acquisition of Airplus International GmbH from Deutsche Lufthansa AG (XTRA:LHA) on July 31, 2024. The transaction has received fulfilment of regulatory approvals and closing conditions.