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Announced

Completed

Jyske Bank completed the acquisition of Denmark operations of Handelsbanken for $423m.

Financials

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Transaction Value£346m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

Single Bidder

Private

Acquisition

bank

Banks

Denmark

Cross Border

Majority

Completed

Synopsis

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Jyske Bank, a Danish bank, completed the acquisition of Denmark operations of Handelsbanken, a Swedish bank, for $423m. ”The acquisition of Handelsbanken Denmark is an attractive opportunity to strengthen our market position and longterm competitiveness. Handelsbanken Denmark is a well-run bank, delivering a strong suite of solutions to both private and corporate clients across the country. Through the acquisition, we can further develop the combined business, benefitting our clients, create new career opportunities for our skilled employees, and generate value for our shareholders,” Anders Dam, Jyske Bank Managing Director and CEO.

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