Acquisition of customer portfolio from FIH

Carnegie acted as exclusive financial adviser to Spar Nord Bank

Carnegie advised Spar Nord Bank in the acquisition of a customer portfolio from FIH Erhvervsbank. Spar Nord will take over corporate customer facilities totalling about DKK 4.0 billion, broken down on approx. 900 customers. 

For Spar Nord, the strategic rationale behind the acquisition is to strengthen its position on the market for serving small and medium-sized businesses nationwide and exploit the potential for improved efficiency from serving a larger number of customers on the same production platform.

In connection with the takeover of facilities, FIH’s branches in Aarhus and Fredericia as well as a part of the Copenhagen Branch will be taken over by Spar Nord.

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