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Announced

Sydbank to acquire Alm. Brand Bank for c. $290m.

Financials

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Transaction Value£225m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

Pending

Single Bidder

Banks

Private

Denmark

banking

Domestic

Acquisition

Majority

Synopsis

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Sydbank, a full service banks headquartered in Aabenraa, agreed to acquire Alm. Brand Bank, a bank in Denmark, for c. $290m. "I am pleased that we acquire Alm. Brand Bank. The agreement is to everybody’s advantage. With Sydbank customers will get a large bank that is also close to its customers. This will boost not least Sydbank’s retail banking segment. In addition we have established a partnership between Sydbank and Alm. Brand in which we will invest jointly in new good solutions for our customers. I have high expectations in this regard," Karen Frøsig, Sydbank CEO. 30/10/2020: Danish regulators approve Sydbank's $290m acquisition of Alm. Brand Bank.

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