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flag Nykredit plans to buy Spar Nord Bank for about DKK 24.7 billion, aiming to create Denmark's third-largest bank.

flag Danish financial services company Nykredit plans to acquire all shares in Spar Nord Bank A/S through a recommended voluntary public tender offer, valuing the bank at about DKK 24.7 billion. flag Nykredit, which already owns 19.60% of Spar Nord Bank, aims to create Denmark's third-largest bank with a combined lending volume of DKK 160 billion. flag The deal aims to provide a strong alternative in the Danish banking market, combining Spar Nord's local presence with Nykredit's expertise in wealth management and sustainability. flag The exact terms and finalization of the offer are pending.

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