On 6 September 2017, the board of directors of Nordea decided to initiate a re-domiciliation of the parent company of the Nordea Group from Sweden to Finland. This decision was based on the Nordea Group’s unique pan-Nordic and international structure, which means that the existing national regulatory frameworks do not fully accommodate the Nordea Group’s operating model and recent strategic developments.
Following the decision to re-domicile, and in order to provide additional information on the main considerations and drivers behind this decision, Nordea would like to discuss in more detail the financial rationale of the re-domiciliation, the impact that the re-domiciliation is expected to have on Nordea’s corporate governance and the listing of the Nordea share, and also to cover certain withholding tax related items that have been discussed in the public.