Spar Nord: Nykredit forlænger tilbudsperioden for købstilbud indtil maj 2025
Deal News | Apr 23, 2025 | Globenewswire
Nykredit Realkredit A/S has extended its voluntary public offer to acquire all shares of Spar Nord Bank A/S, excluding its own shares, to May 20, 2025, to secure necessary regulatory approval from the Danish Competition and Consumer Authority. Initially announced in December 2024, the offer price was increased to DKK 210.50 per share. Nykredit currently owns 32.79% of Spar Nord’s shares and has obtained acceptance for over 80% of the share capital. The offer's completion and the subsequent delisting of Spar Nord from Nasdaq Copenhagen depend on gaining the required approval. If approved, Nykredit aims to merge its bank division with Spar Nord and complete the offer by May 28, 2025.
Sectors
- Financial Services
- Banking
Geography
- Denmark – The transaction involves Danish companies Nykredit Realkredit A/S and Spar Nord Bank A/S, and is subject to Danish regulatory approval.
Industry
- Financial Services – The transaction involves financial entities, specifically a real estate credit institution and a national bank.
- Banking – The deal pertains to the acquisition of a bank with a focus on various financial services.
Financials
- DKK 210.50 per share – The increased offer price per share that Nykredit is offering to acquire Spar Nord Bank.
- DKK 24.7 billion – The total valuation of Spar Nord Bank's issued share capital according to Nykredit's offer.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nykredit Realkredit A/S | Bidding Company | Company | A major Danish real estate credit institution leading the offer to acquire Spar Nord Bank A/S. |
| Spar Nord Bank A/S | Target Company | Company | A well-established Danish bank with 58 branches, serving private, small, and medium-sized enterprises. |
| Danish Competition and Consumer Authority | Regulatory Approval | Government | The authority responsible for approving Nykredit's acquisition offer of Spar Nord Bank. |
| Carnegie Investment Bank | Financial Advisor | Company | Advising Nykredit on the acquisition offer for Spar Nord Bank A/S. |