Nykredit Concludes Acquisition of Spar Nord Bank
Deal News | May 23, 2025 | Globenewswire
Nykredit Realkredit A/S has released the final results of its voluntary cash takeover bid for all shares, except self-owned ones, in Spar Nord Bank A/S. As of the end of the offer period on May 20, 2025, Nykredit has received acceptances representing a 94.15% ownership stake in Spar Nord. Following the execution of this offer, Nykredit will hold 96.54% of Spar Nord's share capital and voting rights. The acceptance conditions for the offer have been met, and relevant regulatory approvals have been acquired. The settlement, which involves cash compensation, is scheduled for May 28, 2025. Additionally, Nykredit intends to proceed with a compulsory acquisition of remaining minority shares and has initiated steps towards delisting Spar Nord shares from Nasdaq Copenhagen A/S. Details regarding the forced acquisition and delisting will be announced separately.
Sectors
- Financial Services
- Investment Banking
Geography
- Denmark – Both Nykredit Realkredit A/S and Spar Nord Bank A/S are based in Denmark, and the transaction involves local market operations.
Industry
- Financial Services – Both Nykredit and Spar Nord Bank operate within the financial services sector, engaging in banking and credit-related activities.
- Investment Banking – The acquisition deal involves financial structuring and corporate finance activities characteristic of investment banking.
Financials
- 94.15% – The percentage of Spar Nord Bank shares acquired by Nykredit through the takeover bid.
- 96.54% – The percentage of total share capital and voting rights in Spar Nord Bank Nykredit will hold post-transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nykredit Realkredit A/S | Bidding Company | Company | A leading Danish financial institution, primarily involved in mortgage lending. |
| Spar Nord Bank A/S | Target Company | Company | A Danish bank that provides a range of banking services to private and corporate customers. |