Klarna Bank AB (publ) agreed to acquire Close Brothers Retail Finance from Close Brothers Group plc (LSE:CBG) on September 14, 2018. The transaction is subject to approval by the financial supervisory authority of Sweden, regulatory and other customary conditions. Deal is expected to close in the current year. Citi Group, Inc. acted as financial advisor to Klarna Bank AB. Houlihan Lokey acted as financial advisor to Close Brothers Retail Finance. Klarna Bank AB (publ) completed the acquisition of Close Brothers Retail Finance from Close Brothers Group plc (LSE:CBG) on January 1, 2019.