Nordea completed the acquisition of the personal customer and private banking business in Norway of Danske Bank.

Nordea, a financial services group, completed the acquisition of the personal customer and private banking business in Norway of Danske Bank, a Nordic universal bank offering a full range of banking services. Financial terms were not disclosed. “We are very pleased to announce this acquisition, which is an important step in executing our Nordic strategy, and which expands our presence in Norway in a complementary manner. It will add significant scale to our Personal Banking business in Norway and offers value creation opportunities through clear revenue and cost synergies. Most importantly, this will serve our new customers, who will benefit from our broad financial offering, expertise and leading digital services,” Frank Vang-Jensen, Nordea President and CEO.