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Danske Bank sells equity interest in Nets Holding


Monday, 24 Mar 2014 03:00am EDT 

Danske Bank A/S:Says as part of the group of owners of Nets Holding A/S, Danske Bank has signed an agreement to sell Nets Holding A/S to a consortium consisting of Advent International, ATP and Bain Capital.The consortium will acquire 100 percent of Nets Holding A/S’s share capital for a cash consideration of 17 billion Danish crowns.The transaction is subject to regulatory approval and is expected to be completed in second quarter.Holds a 16.13 percent equity interest in Nets Holding A/S.The sale of Danske Bank’s shareholding in Nets Holding A/S will have a positive effect of about 1 billion Danish crowns on the Group’s financial results. 

Company Quote

155.3
1.8 +1.17%
22 Jul 2014