Scroll
Danske Andelskassers Bank

Mandatory takeover bid for Danske Andelskassers Bank

 

Case

Mandatory takeover bid for Danske Andelskassers Bank

Spar Nord Bank has increased its shareholding in Danske Andelskassers Bank by 4.6%, from 32.07% to 36.67%, through the acquisition of an additional 8,548,439 shares from AP Pension at a price of DKK 10.35 per share.

Therefore, Spar Nord Bank is obligated to submit a mandatory takeover bid to all other shareholders in Danske Andelskassers Bank.

This will be done by publishing an offer document approved by the Danish Financial Supervisory Authority within four weeks as from 17 August 2021, at the latest.

Accura is advising Spar Nord Bank in connection with the entire process.