
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,...
To continue reading this article...
Join International Investment
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes