M&A Deal Summary

Nordea Bank Acquires Danske’s Personal Customer and Private Banking Business

On November 19, 2024, Nordea Bank acquired financial services company Danske’s Personal Customer and Private Banking Business from Danske Bank

Acquisition Highlights
  • This is Nordea Bank’s 1st transaction in the Financial Services sector.
  • This is Nordea Bank’s 1st transaction in Norway.

M&A Deal Summary
Date 2024-11-19
Target Danske’s Personal Customer and Private Banking Business
Sector Financial Services
Buyer(s) Nordea Bank
Sellers(s) Danske Bank
Deal Type Divestiture

Target

Danske’s Personal Customer and Private Banking Business

Norway
Danske’s Personal Customer and Private Banking Business offers value creation opportunities through clear revenue and cost synergies.

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Buyer(S) 1

Buyer

Nordea Bank

Helsinki, Finland
Category Company
Founded 1820
Sector Financial Services
Employees29,478
Revenue 11.7B EUR (2023)
DESCRIPTION
Nordea's corporate headquarters in central Stockholm.
Nordea's corporate headquarters in central Stockholm.

Nordea is a financial services group in Northern Europe. Nordea has leading positions within corporate and institutional banking as well as retail banking and private banking. It is also the leading provider of life and pensions products in the Nordic countries. Nordea Bank was founded in 1820 and is based in Helsinki, Finland.

DEAL STATS #
Overall 3 of 3
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Norway) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-02 we.trade Innovation DAC

Dublin, Ireland

we.trade Innovation DAC is a digital trade platform based on the Linux Foundation's Hyperledger Fabric and runs on the IBM Blockchain Platform. We .trade digital platform delivers global trade transactions across trade finance, insurance, and logistics. we.trade Innovation was founded in 2017 and is based in Dublin, Ireland.

Buy -

Seller(S) 1

SELLER

Danske Bank

Copenhagen, Denmark
Category Company
Founded 1871
Sector Financial Services
Employees20,079
Revenue 56.5B DKK (2023)
DESCRIPTION
Dance office and branch in central Stockholm, Sweden.
Dance office and branch in central Stockholm, Sweden.

Danske Bank is a financial services group serving Northern Europe. Danske offers a full range of banking services, with an emphasis on retail banking. Danske Bank was founded in 1871 and is based in Copenhagen, Denmark.

DEAL STATS #
Overall 3 of 3
Sector (Financial Services) 2 of 2
Type (Divestiture) 2 of 2
Country (Norway) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-07 United Fintech

London, United Kingdom

United Fintech is a digital transformation platform that helps global financial institutions and cutting-edge technology providers unleash their full potential and enable the future of finance. United Fintech was founded in 2020 and is based in London.

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