The Norwegian Competition Authority green-lights Nordea’s acquisition of Gjensidige Bank
On 2 July this year Nordea entered into an agreement to acquire all shares in Gjensidige Bank. The acquisition has now been approved by the Norwegian Competition Authority. - The approval takes us one step closer to realising our acquisition of Gjensidige Bank, says John Sætre, Head of Personal Banking at Nordea in Norway. The agreement to acquire Gjensidige Bank will give Nordea Norway 170,000 new retail customers.Before Nordea can take over Gjensidige Bank and start the integration, the Norwegian Ministry of Finance must give its approval. Increased loan portfolioAs of today