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Sweden s Nordax bids $2 1 billion for Bank Norwegian parent, shares jump

By Reuters Staff 2 Min Read OSLO/STOCKHOLM (Reuters) - Sweden’s Nordax Bank offered on Thursday to buy Oslo-listed Norwegian Finans Holding, the owner of Bank Norwegian, in a cash transaction valued at 17.8 billion Norwegian crowns ($2.10 billion). Norwegian Finans (NFH) shares surged 21% to trade at 99 crowns by 1057 GMT, above Nordax’s bid of 95, suggesting investors expect more bids could emerge. “Nordax strongly believes that Bank Norwegian will have excellent opportunities to further expand its business together with Nordax,” the Swedish firm said. Nordax said it had previously made undisclosed proposals to the board of NFH, although Thursday’s offer was higher and contained fewer conditions.

Terje solsvikHelena soderpalmJason neelyBjoern kjosGwladys foucheThomson reuters trust principlesSweden nordax bankNorwegian air shuttleBank norwegianNordic capital fundNorwegian finans holdingNordax bankOslo listed norwegian finans holdingThomson reuters trustAirlines trbc level 4Airlines nec trbc level 5

Breakingviews - Capital Calls: Nordic bank M&A gets cold reception

By Reuters Staff 2 Min Read The Swedish flag is seen at Gamla Stan, the Old City of Stockholm, Sweden, May 7, 2017. LONDON (Reuters Breakingviews) - Concise insights on global finance in the Covid-19 era. - FROSTY RESPONSE. Sweden’s Nordax Bank may have to raise the temperature on its bid for Oslo-listed Norwegian Finans. The would-be buyer on Thursday launched a $2.1 billion offer for the owner of Bank Norwegian. Private equity group Nordic Capital and Finnish insurer Sampo jointly control the bidder, and together also own 23% of the target. Nordax Chief Executive Jacob Lundblad probably hopes to cross-sell the two companies’ products to their customers and gain an underwriting edge by pooling data.

New yorkUnited statesHong kongCity ofUnited kingdomJacob lundbladSweden nordax bankBank norwegianReuters breakingviewsNordax bankOslo listed norwegianNordic capitalChief executive jacob lundbladNorwegian finansLiam proudBanking amp investment services trbc level 2

Sweden s Nordax bids $2 1 billion for Bank Norwegian parent

Sweden s Nordax bids $2 1 billion for Bank Norwegian parent
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

Terje solsvikHelena soderpalmJason neelyBjoern kjosGwladys foucheThomson reuters trust principlesSweden nordax bankNorwegian air shuttleBank norwegianNordic capital fundNorwegian finans holdingNordax bankOslo listed norwegian finans holdingNorwegian finansFinans holdingThomson reuters trust

Sweden s Nordax bids $2 1 billion for Bank Norwegian parent, shares jump

Sweden s Nordax bids $2 1 billion for Bank Norwegian parent, shares jump
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

Terje solsvikHelena soderpalmJason neelyBjoern kjosGwladys foucheThomson reuters trust principlesSweden nordax bankNorwegian air shuttleBank norwegianNordic capital fundNorwegian finans holdingNordax bankOslo listed norwegian finans holdingThomson reuters trustஜேசன் நீலீதாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ்

Nordea s Main Owner Sampo to Materially Cut Stake in Bank

Nordea s Main Owner Sampo to Materially Cut Stake in Bank
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

Nordea bank abpElliott management corpNordax bankNorwegian finans holdingHastings group holdings plcSaxo bankSampo oyjElliott managementTop nordea investor facesElliott seeksMandatum lifeMandatum asset managementHastings group holdingsஎலியட் மேலாண்மை கார்ப்நோர்வே பீணன்ஸ் வைத்திருத்தல்அவசரம் குழு ஹோல்டிங்ஸ் ப்ல்