Klarna Group Plc Chief Executive Officer Sebastian Siemiatkowski is overhauling how he controls his roughly $1.1 billion stake in the financial technology firm, lining up a major revamp for his biggest asset just days after its listing in New York.
Flat Capital AB, the publicly listed investment firm Siemiatkowski controls with his wife and other ultra-wealthy investors, proposed acquiring Double Sunday AB, which owns 6.5% of Klarna and is currently wholly owned by Siemiatkowski, according to a statement. The deal values Double Sunday at 9.5 billion Swedish kronor ($1.03 billion).
The transaction could transform Flat Capital into one ...
