Nordic Business Report-December 20, 2006-Euroline signs credit card transaction handling agreement with Air France (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish financial group SEB said on Wednesday (20 December) that its subsidiary Euroline has signed a Central Acquiring agreement with French airline Air France. The agreement means that Euroline will take over the handling of Air Frances credit card transactions in 75 countries. The agreement will improve internal processes at Air France, as well as result in cost savings. "This agreement reaffirms that our cash management service is leading in terms of providing global airlines with enhanced cash flow and back-office management," commented Lars Goran Bergvind, Senior Manager of Global Airline Sales at Euroline. Eurolines Central Acquiring portfolio includes seven international airlines and some 50 small and mid-sized airlines. SEB Group, headquartered in Stockholm, Sweden, is a North European financial group for 400,000 corporate customers and institutions, and 5m private customers. On 30 June 2006 the Groups total assets amounted to SEK1,986bn while its assets under management totalled SEK1,086bn. SEB is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to [email protected]))