Seamless Rises After Distribution Deal With EG: Stockholm Mover

Seamless Distribution AB (SEAM), a Swedish developer of software for mobile payment solutions, rose the most in two months in Stockholm after the company signed a distribution agreement with EG Sverige AB.

The deal means retailers using EG’s business software can offer customers the ability to pay with Seamless’ SEQR mobile solution, the company said in a statement.

Seamless stock rose as much as 2.20 kronor, or 14 percent, and was up 12 percent to 17.30 kronor as of 10:15 a.m. in Stockholm, the biggest gainer on the OMX Stockholm All-Share Index. The company, which is based in the Swedish capital, has advanced 69 percent this year, compared with a 7.5 percent advance for the Stockholm all-share index.

To contact the reporter on this story: Kim McLaughlin in Stockholm at kmclaughlin6@bloomberg.net

To contact the editor responsible for this story: Tasneem Brogger at tbrogger@bloomberg.net

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