Merger of Spar Nord Bank and Sparbank

Carnegie acted as exclusive financial adviser to Spar Nord Bank

Carnegie acted as exclusive financial adviser to Spar Nord Bank in the merger with Sparbank. Shareholders in Sparbank received Spar Nord shares in a 1:2 ratio, estimated at a total value of DKK 3.4 billion, leaving them with 9% of the share capital in Spar Nord. 

The objective of the merger is to create a bank with nation-wide coverage and a strong market position in the North, Central and West Jutland regions as well as in a number of major cities in other parts of Denmark. Before the mergerThe merged bank, Spar Nord, will be providing services to more than 320,000 customers from 90 different branches. 

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