Nordea Says Norway's Review of Danske Bank Deal Will Take More Time
07 Novembro 2023 - 5:43AM
Dow Jones News
By Dominic Chopping
Nordea Bank said Tuesday that the Norwegian Competition
Authority has said it will take more time to review the bank's
proposed acquisition of Danske Bank's Norwegian personal customer
and private banking business.
Nordea announced the deal earlier this year, which it said would
see around 285,000 customers, lending volumes of 18 billion euros
($19.3 billion), deposit volumes of EUR4 billion and around EUR2
billion of assets under management transferred to the
Helsinki-based bank.
"Our view is that the Norwegian banking sector is characterised
by keen competition, and that Nordea is a very good solution for
the customers in light of Danske Bank's decision to exit the
Norwegian market for personal customers," said Randi Marjamaa,
Nordea's head of personal banking Norway.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
November 07, 2023 03:28 ET (08:28 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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