Acquisition of customer portfolio from FIH Erhvervsbank A/S by Spar Nord Bank A/S — DKK 4 billion

Carnegie acted as adviser to Spar Nord in the acquisition of credit and gurantee facilities from FIH Erhvervsbank. 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.July 2014.