Nordea has completed sale of LR Realkredit
Nordea announced on 11 April 2019 that the bank had entered into an agreement to sell all its shares in the Danish mortgage institution LR Realkredit A/S (“LR Realkredit”) to Nykredit. As previously announced, the transaction was subject to customary regulatory approvals. Those approvals have now been received and the transaction was completed today.
As stated in the press release dated 11 April 2019, Nordea is selling its shares in LR Realkredit to focus on its core business and to find a better long-term solution for LR Realkredit.
The purchase price for Nordea’s 39 per cent of LR Realkredit amounts to approximately DKK 1.1 billion. The transaction generates a capital gain of EUR 138 million for Nordea, net of tax, at closing of the transaction.
For further information:
Bjørn Bøje Jensen, Head of Business Banking Denmark, +45 24 95 84 76
Stine Green Paulsen, Head of External Communications, Denmark, +45 70 80 11 62
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