From GlobeNewswire: 2025-04-23 02:25:00

Nykredit has extended the offer period for the recommended public tender offer for Spar Nord Bank A/S until May 20, 2025. The cash price per share is DKK 210, with a total valuation of DKK 24.7 billion. The offer period has been extended multiple times and is now set to expire on May 20, 2025. Nykredit currently holds 32.79% of Spar Nord Bank shares. The purpose of the extension is to allow time for approval from the Danish Competition and Consumer Authority. If approval is not granted by the new deadline, the offer period may be extended further. The expected completion date is now set for May 28, 2025.

Spar Nord Bank, founded in 1824, is a nationwide bank with 58 branches, offering financial services to retail customers and SMEs. Nykredit, a mortgage credit institution, with a market share of 45.2%, aims to acquire sole control over Spar Nord Bank. The Offer Document and related information are available through regulatory channels. US shareholders are advised to consult their professional advisors regarding tax implications and the Offer process. The Offer is subject to Danish law and US securities regulations.



Read more at GlobeNewswire: Nykredit extends the offer period concerning the