Nordea and SEB’s Baltic operations complement each other, writes the banks and indicates that Nordea has a strong position in the large corporate segment, while DNB is strong in the segment of small and medium-sized enterprises.
– Together we will have the size, the stronger geographic presence and enhanced product offerings needed to be the clients’ first choice in the Baltics, says Inga Skisaker, director of the Baltic countries in Nordea.
“Finally, the merged bank a strong geographical presence, because Nordea is strongly in Estonia, DNB in Lithuania and two in Latvia. Nordea and DNB 1 300 and 1 800 employees and 8 billion and EUR 5 billion in assets in the Baltic States, “writes Nordea and DNB.
JP Morgan predicts that Nordea share will rise 2 percent in morning’s news that the Baltic banking merges with DNB’s counterpart, and Credit Suisse predicts that both Nordea and DNB goes up by 1-2 per cent in the same thing.
According to the morning a letter from JP Morgan and Credit Suisse mäklardeskar.
In a comment to the news agency Direkt ascribed Exane BNP Paribas banking analyst Andreas Hakansson not store any more weight:
“This has really no meaning: in that Nordea will retain ownership must not impact on either the capital or profits. The only thing is some change in the intermediate result lines, but it does not affect the big picture, so we think the news is relatively bland, “he said during the morning.
Nordea and DNB have equal voting rights in the merged bank, while they have different economic ownership levels that reflect the owners’ respective share of equity from their contribution to the merged bank at the time of closing.
the deal is subject to regulatory approval, and is expected to be completed around the second quarter of 2017.
“the banks continue to operate independently until all regulatory approvals have been obtained,” the.
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