Carnegie acted as exclusive financial adviser to Spar Nord Bank in the merger with Sparbank. Shareholders in Sparbank received Spar Nord shares in a 1:2 ratio, estimated at a total value of DKK 3.4 billion, leaving them with 9% of the share capital in Spar Nord.
The objective of the merger is to create a bank with nation-wide coverage and a strong market position in the North, Central and West Jutland regions as well as in a number of major cities in other parts of Denmark. Before the merger. The merged bank, Spar Nord, will be providing services to more than 320,000 customers from 90 different branches.