Brief: Spar Nord Acquires Strategic Stake In Danske Andelskassers Bank

Danske Andelskassers Bank A/S

26/09/2018 07:45

Sept 26 (Reuters) - Spar Nord Bank A/S  SPNO.CO :
    * REG-SPAR NORD ACQUIRING STRATEGIC STAKE IN DANSKE ANDELSKASSERS BANK (DAB)  DABA.CO 
    * ACQUIRED 39,319,988 SHARES IN DANSKE ANDELSKASSERS BANK A/S
    * STAKE IS ACQUIRED FOR DKK 236 MILLION
    * NOW HOLDS 27.05 % OF VOTING RIGHTS AND SHARE CAPITAL OF DAB
    * DAB INVESTMENT WILL BE RECOGNISED IN SPAR NORD'S FINANCIAL STATEMENTS AS AN INVESTMENT IN
"ASSOCIATES"
    * WOULD LIKE TO DISCUSS POSSIBILITY OF MAKING ATTRACTIVE OFFER TO ALL DAB SHAREHOLDERS ON
RIGHT
TERMS AND CONDITIONS
    * HOPES DIALOGUE WITH DAB SHAREHOLDERS TO COMMENCE IN MONTHS TO COME

Source text for Eikon:  ID:nGNE5BWRSm 
Further company coverage:  SPNO.CO 

 (Gdynia Newsroom)
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