Brief: Fynske Bank Signs Merger Agreement With Nordfyns Bank

Fynske Bank A/S

06/05/2025 07:58

May 6 (Reuters) - Fynske Bank A/S FYNBK.CO:

SIGNS MERGER AGREEMENT WITH NORDFYNS BANK

FYNSKE BANK TO BE CONTINUING BANK FOLLOWING MERGER

ACCORDING TO THE PARTIES, THE MERGER IS EXPECTED TO REALISE TOTAL SYNERGIES OF AROUND DKK 68 MILLION ANNUALLY BEFORE TAX

SHAREHOLDERS IN NORDFYNS BANK TO RECEIVE 2.7 NEW SHARES IN FYNSKE BANK

MERGER CONSIDERATION REFLECTS PREMIUM OF 15.2% COMPARED TO CLOSE PRICE IN NORDFYNS BANK SHARES ON NASDAQ ON MAY 5

FOLLOWING DEAL SHAREHOLDERS IN NORDFYNS BANK TO OWN ABOUT 37% OF SHARES IN FYNSKE BANK

BOARDS RECOMMEND RESPECTIVE SHAREHOLDERS TO ACCEPT OFFER

MERGER CONSIDERATION CORRESPONDS TO CASH VALUE PER SHARE IN NORDFYNS BANK OF DKK 378.3

Source text: ID:nGNETscT4

Further company coverage: FYNBK.CO

 (Gdansk Newsroom)

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