OSLO (Reuters) – Danish lender Nykredit said on Wednesday it has secured a stake of more than 80% in Spar Nord Bank following a $3.6 billion bid for the domestic rival last year, and aims to complete a takeover and a delisting of the bank’s stock.
The offer period to Spar Nord shareholders has been extended to April 3, Nykredit said in a statement.
The two companies first announced the 24.7 billion Danish crowns ($3.61 billion) agreed offer in a joint statement in December, and plan to form Denmark’s third-largest bank.
($1 = 6.8396 Danish crowns)
(Reporting by Terje Solsvik, editing by Stine Jacobsen)
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