Sale of 54.9% of Nørresundby Bank

Carnegie acted as exclusive financial adviser to Spar Nord Bank

Carnegie acted as exclusive financial adviser to Spar Nord Bank in the process leading up to the sale of its 54.9% ownership of Nørresundby Bank to Nordjyske Bank.

Carnegie was engaged by Spar Nord Bank following announcements by Nørresundby Bank and Nordjyske Bank stating their intentions to merge. Carnegie’s role included advice on the strategic and tactical options available to Spar Nord Bank in order to maximise the value of its 54.9% ownership of Nørresundby Bank.

Nørresundby Bank focuses on private households and small and medium-sized corporations and has 13 branches distributed over Aalborg and the Northern part of Jutland. Nørresundby Bank is listed on Nasdaq Copenhagen with more than 24,000 shareholders. Spar Nord Bank has been the majority owner of Nørresundby Bank for more than 40 years.

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