Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Spar Nord acquiring strategic stake in Danske Andelskassers Bank
September 27, 2018

Spar Nord Bank A/S has acquired 319,988 shares in Danske Andelskassers Bank A/S (DAB) and now holds 27.05 % of the voting rights and share capital of DAB. The stake is acquired for DKK 236m. "There was a stake that was for sale. So we decided to buy it. Partly because it makes sense for financial investment, but also because we are in a dialogue with DAB about a full takeover," says CEO of Spar Nord, Lasse Nyby.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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