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Announced

Spar Nord Bank to acquire BankNordik’s Danish business for $335m.

Financials

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

Tags

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Denmark

banking services

Pending

Single Bidder

Banks

Majority

Private

Domestic

Acquisition

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Synopsis

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Spar Nord Bank, a provider of banking services, agreed to acquire BankNordik’s Danish business for $335m. The agreement will enable Spar Nord to strengthen its market position in the retail customer segment in the Greater Copenhagen area and in the cities of Aarhus, Odense, Kolding and Haderslev.

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