Citi Best Investment Bank in Denmark
Denmark: Citi was named Best Investment Bank in Denmark by Euromoney, the global financial markets magazine, at its annual Awards for Excellence yesterday evening.
The jury’s motivation was as follows:
Denmark’s best investment bank, Citi, has leveraged its network both in Scandinavia and globally to act on an impressive array of deals in the country during the awards period, notably in the sustainable energy and healthcare sectors.
Citi worked particularly closely with Ørsted, advising on the sale of its Danish power distribution, residential electricity, gas and street lighting business to SEAS-NVE, as the Danish energy company switched its focus to green energy. Citi was also bookrunner on Ørsted’s inaugural green hybrid issue.
Citi also advised Bavarian Nordic, advising on its €800 million acquisition of the manufacturing and global rights to commercial vaccines Rabipur and Encepur from GlaxoSmithKline and led the related bridge financing and €380 million rights issue in March.
Other M&A deals saw Citi advise Danfoss on its $3.3 billion acquisition of Eaton Hydraulics, and it arranged the accompanying financing. Citi advised Solix on the sale of KK Wind Solutions to AP Møller. It was also bookrunner on Maersk’s $500 million 10-year bond in June 2019.
Other debt capital markets activity by Citi in Denmark included bookrunning Danske Bank’s inaugural senior non-preferred bond.
“Denmark is an important market for us and we are pleased that our strong momentum and leading market position in Danish investment banking has been recognized through this prestigious award,” says Lars Ingemarsson and Ari Makela, co-heads of Nordic Investment Banking at Citi.
For further information, please contact:
Anneli Sundstrom, Communications Director Nordics on +46702503591, or firstname.lastname@example.org
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Citi has been in the Nordic countries since the 1970s, with offices in Copenhagen, Helsinki, Oslo and Stockholm.
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