Nykredit, a financial services company, completed the acquisition of LR Realkredit, which provides mortgage loans to finance properties most of which qualify for some sort of public support, for $392m. "By acquiring LR Realkredit, we increase our equity and grow our lending in areas where Nykredit already has very strong expertise. It was therefore natural for us to enter into constructive negotiations with LR Realkredit when its Board of Directors approached us to learn if we were interested in acquiring the company," David Hellemann, Nykredit Group Managing Director.