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Avanza Bank Holding AB ( (SE:AZA) ) has shared an announcement.
Avanza has agreed to sell its 17% stake in mortgage provider Stabelo to Swedbank, with the transaction subject to approval by the Swedish Financial Supervisory Authority. The sale aligns with Avanza’s strategy to enhance its core business, potentially offering better mortgage options to its customers, particularly benefiting younger savers.
The most recent analyst rating on (SE:AZA) stock is a Hold with a SEK250.00 price target. To see the full list of analyst forecasts on Avanza Bank Holding AB stock, see the SE:AZA Stock Forecast page.
More about Avanza Bank Holding AB
Avanza is a digital platform for savings and investments, founded in 1999 and listed on the Stockholm Stock Exchange. It offers services including savings in shares, funds, savings accounts, mortgages, and pensions, serving over 2 million customers with more than SEK 900 billion in total savings capital. Avanza holds a significant portion of the Swedish savings market and is recognized for customer satisfaction.
Average Trading Volume: 302,748
Current Market Cap: SEK50.1B
Find detailed analytics on AZA stock on TipRanks’ Stock Analysis page.