FINANSGIGANT SPEJDER EFTER TREDJE PARTNER

Article Abstract:

The partnership between the Danish financial institutions BG Bank and Realkredit Danmark (RD) is a kind of merger which has not been realised in the financial sector in Denmark before, the paper writes. The companies will retain their separate identities and products, and are open to a potential third partner in the Nordic region. Synergy gains are estimated at DKr 200mn (USD 29mn) per year after three years. However, according to Henrik Thufason, MD of BG Bank, there will be no general cuts in staffing levels.

Comment:

Will merge w/ BG Bank, but will retain their separate products & identities

Nondepository Credit Intermediation, Nonbank Credit Institutions, Financial institutions

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KLAR TIL DANMARKS STORSTE AUKTION

Article Abstract:

The Danish bank Unibank is planning to bid for the new major Danish financial group, BG Bank and the mortgage lending institute Realkredit Danmark (RD), according to the paper. Thorleif Krarup, MD of Unibank, has made statements that are interpreted as the deal between BG Bank and RD has made it possible for other potential investors to make bids. However, the paper writes that it's extremely difficult to carry out a take-over of BG Bank owing to its particular, "democratic" shareholder principles.

Comment:

Plans to bid for new major Danish financial group, BG Bank & mortgage lending institute Realkredit Danmark

Asset sales & divestitures, Mortgage Bankers & Brokers, Mortgage and Nonmortgage Loan Brokers, Unibank A/S

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