Investing.com - Financial Markets Worldwide

Nykredit secures over 80% stake in Spar Nord Bank

Published 19/03/2025, 09:34
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Investing.com -- Nykredit, a Denmark-based lender, announced on Wednesday that it has acquired a majority stake, exceeding 80%, in Spar Nord Bank.

This follows a $3.6 billion bid made by Nykredit for the domestic competitor in the previous year. The lender’s goal is to finalize a takeover and proceed with the delisting of Spar Nord Bank’s stock.

Nykredit has extended the offer period to Spar Nord shareholders until April 3, as per the company’s statement.

The initial agreement for the offer, valued at 24.7 billion Danish crowns ($3.61 billion), was first made public in a joint statement in December. The two financial institutions intend to merge, creating Denmark’s third-largest bank.

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