Brief: Sydbank To Acquire Coop Bank A/S

AL Sydbank A/S

21/05/2024 07:20

May 21 (Reuters) - Sydbank A/S  SYDB.CO :
    * SYDBANK TO ACQUIRE COOP BANK A/S
    * PRICE INVOLVING PAYMENT OF VALUE OF EQUITY AT DATE OF ACQUISITION PLUS DKK 89M.
    * PRELIMINARY PURCHASE PRICE HAS BEEN CALCULATED AT DKK 345M
    * TERMS ARE EXPECTED TO BE MET BY 31 JULY 2024
    * SYDBANK'S ANNUAL RESULTS ARE PROJECTED TO INCREASE BY AROUND DKK 40M AFTER TAX
    * EXPECTED THAT ACQUISITION WILL RESULT IN A DECLINE IN CAPITAL RATIOS OF SYDBANK GROUP OF
AROUND
0.5PP

Source text for Eikon:  ID:nGNE6dgt22 
Further company coverage:  SYDB.CO 

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