Sydbank A/S (GB:0MGE) has released an update.
Sydbank A/S is set to expand by acquiring Coop Bank A/S, bringing under its wing approximately 88,000 new customers and a combined lending and deposits portfolio of DKK 4.4 billion. The deal, which includes a partnership with Coop Danmark, aims to offer enhanced value to customers and is anticipated to boost Sydbank’s annual results by DKK 40 million post-tax. Completion of the acquisition is pending regulatory approvals, with expectations to finalize by July 31, 2024.
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