DKK300bn AUM player created by Nykredit and Sparinvest joining forces

Nykredit has agreed to aquire 75% of shares in Danish peer Sparinvest, which would create a business with some DKK300bn (€40bn) of assets under management, making it Denmark's third largest asset manager. Nykredit will pay DKK2.245bn for the stake. Those selling will receive a DKK155m dividend for 2018. The deal is subject to ongoing due dilligence being completed and approval from relevant authorities. It also requires approval by a General Meeting of Sparinvest Holdings SE. If completed,...