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Nykredit to acquire LR Realkredit for DKK 2.6bn
April 11, 2019

Nykredit, one of the largest Danish banks and mortgage institution, has acquired a the Danish-based mortgage institution LR Realkredit. In 2018, LR Realkredit total lending amounted to DKK 21.7bn and it has less than 10 FTEs. LR Realkredit equity amounts to DKK 3.3bn and the acquisition is completed at a price/book value of 0.8x. LR Realkredit reported a turnover of DKK 595m and EBT of DKK 181m in 2017.

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