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

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. 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. 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. The exact terms and finalization of the offer are pending.

4 months ago
7 Articles