COPENHAGEN Feb 24 Jyske Bank,
Denmark's third-biggest bank, has agreed to buy the country's
fourth-largest mortgage credit institution BRFkredit for around
7.4 billion Danish crowns ($1.4 billion) in shares and cash, it
said on Monday.
The seller, holding company BRFholding, will become the
largest shareholder in Jyske Bank after the deal with a 25
percent holding, Jyske Bank said in a statement.
The deal is subject to approval by both companies'
shareholders, as well as the relevant authorities. It is
expected to be implemented in the second quarter of 2014.
($1 = 5.4365 Danish crowns)
(Reporting by Teis Jensen; Editing by Mark Potter)