Info Hub: Cross-border merger between AirPlus International and SEB Kort  

The cross-border merger is planned to be completed on 3 August 2026.

Apart from the transfer of the agreement to SEB Kort Bank AB, no changes will be made to the existing agreements. From 3 August 2026, SEB Kort will assume full legal responsibility for its performance. There is no need to sign any additional document or amendment to the current agreement.  

SEB Kort will create branches in the jurisdictions where AirPlus International GmbH currently has branches.

The new company names will be confirmed once approved by the respective authorities. 

Please find below a list of the current company names. The new company names will be added gradually once confirmed. 

There are no changes to the company names of the AirPlus International subsidiaries in Italy, Switzerland, the UK, and the U.S.. They will keep their current names and registration numbers.

The legal entity is SEB Kort Bank AB. Products licensed in Germany and offered locally or on a cross-border basis will be issued by the German branch (legal name to be confirmed). 

When AirPlus International GmbH is merged into SEB Kort Bank AB and subsequently dissolved, its former subsidiaries will become direct subsidiaries of SEB Kort Bank AB. They will continue to exist as separate legal entities, just as they are today in relation to AirPlus International GmbH, with their current name and registration number.  

Here's an overview of the AirPlus subsidiaries:

Existing SEPA and direct debit mandates will remain valid after the merger. SEB Kort Bank AB is the legal successor of AirPlus International GmbH, which includes all contacts as well as the mandates.

However, the creditor ID will be changed. You may have to inform your bank about the change of the creditor ID to avoid any rejections of direct debits. 

After the merger, the new creditor ID will be SE24ZZZ5565746624. 

If you have an AirPlus payment product, this will still be serviced from Germany via the SEB Kort Bank AB Germany branch. 

There is no legal requirement to update documents issued before 3 August 2026, they remain legally valid, even if they contain AirPlus International GmbH.

However, any documents issued after 3 August 2026 should contain SEB Kort Bank AB instead of AirPlus International GmbH. The legal name of each subsidiary will not change. 

No, your Corporate Card will remain valid and there will be no changes to your card number or PIN. Upon your regular card renewal after the expiration date, your Corporate Card will reflect the new issuer name.

There is no grace period for accepting invoices issued under the old company name. Once the merger has been completed, all invoices must be addressed to the new company name and include the updated VAT ID.

If this is not the case, a corrected invoice will be required, which may result in delays in payment.

The agreements with AirPlus International in the UK, US, Switzerland, and Italy’s key suppliers have been reviewed. For agreements where the counter party has a right to terminate unless notified or asked for consent prior to the merger, we have reached out and obtained their consent.

Aside from this, the supplier agreements remain unchanged.  

Once the merger is completed, an extract form the commercial register will be published on this page.