Nordea to acquire Danske Bank’s personal customer business and associated savings assets in Norway
Nordea has entered into an agreement with Danske Bank (Danske) to acquire its Norwegian personal customer and private banking business and associated asset management portfolios. The acquisition is an ideal strategic fit for Nordea and will strengthen Nordea’s market position in Norway among household customers. The acquisition of Danske’s personal customer and private banking business in Norway fits well into Nordea’s strategy to grow in the Nordic region organically and also through bolt-on acquisitions. The transaction is expected to increase Nordea’s mortgage market share in Norway