Nordea completes acquisition of Gjensidige Bank

Jonathan Boyd
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Nordea completes acquisition of Gjensidige Bank

Nordea, the largest Nordic financial group, has announced the completion of its acquisition of Gjensidige Bank in Norway, announced in July 2018, which will add another 186,000 customers and €5.2bn of customer assets. The deal also confirms a distribution agreement between Nordea and Gensidige Forsikring, the Norwegian insurer, in regards to mutual distribution of non life insurance and financial products in the country. Gjensidige Bank will continue to operate as an independent bank un...

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Jonathan Boyd
Author spotlight

Jonathan Boyd

Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope.