Danske Bank and RealDanmark announce merger

Published October 2nd, 2000 - 02:00 GMT

Danske Bank, the biggest banking group in Denmark, and RealDanmark, the Danish finance group which includes BG Bank and RealKredit Danmark, announced a merger Monday. 

 

Danske Bank will hold a 68.5 percent share of the new group, which will manage assets worth 1,314 billion krone (175.2 billion euros/$155 billion) and have a capital of 58 billion krone. 

 

The merger must be approved by EU anti-trust regulators and by 70 percent of RealDanmark shareholders.— (AFP)  

 

© Agence France Presse 2000  

 

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