Nykredit Completes Takeover of Spar Nord
Deal News | May 23, 2025 | Globenewswire
Nykredit Realkredit A/S has announced the final results of its voluntary all-cash takeover offer for Spar Nord Bank A/S. The offer period concluded on May 20, 2025, and Nykredit has received acceptances that, combined with its existing holdings, give it control of 96.54% of Spar Nord's share capital and voting rights, excluding Spar Nord's treasury shares. The conditions of the offer have been met, including receiving necessary public authority approvals. Nykredit intends to complete the offer, with settlement expected on May 28, 2025. Following completion, Nykredit will proceed with compulsory acquisition of remaining minority shares and will request delisting Spar Nord's shares from Nasdaq Copenhagen, ensuring full consolidation of its acquisition.
Sectors
- Financial Services
- Investment Banking
Geography
- Denmark – The events discussed in the article pertain to Danish companies, Nykredit Realkredit A/S and Spar Nord Bank A/S, with implications for the Danish financial market.
Industry
- Financial Services – This sector is relevant as the article discusses the takeover of a bank by a financial institution, specifically involving activities such as acquisitions, consolidation, and share capital management.
- Investment Banking – The article involves a significant financial transaction characteristic of investment banking, including the takeover offer and the handling of share acquisitions and delisting processes.
Financials
- 96.54% – The percentage of total share capital and voting rights Nykredit will hold in Spar Nord upon offer completion, excluding Spar Nord's treasury shares.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nykredit Realkredit A/S | Bidding Company | Company | The company offering to take over Spar Nord Bank A/S. |
| Spar Nord Bank A/S | Target Company | Company | The Danish bank subject to the takeover offer by Nykredit. |
| Nasdaq Copenhagen A/S | Other | Company | The stock exchange where Spar Nord Bank A/S's shares are currently traded. |
| Neel Rosenberg | Media Contact | Person | Media representative for inquiry regarding the announcement. |
| Rune Brandt Brglum | CFO/Investor Contact | Person | Investor relation contact for inquiries about the acquisition. |