Jyske Bank has agreed to buy the Danish operations of Sweden's Handelsbanken for an undisclosed sum, it said on Monday, sending shares in the Danish lender up more than 11%. Handelsbanken, one of Sweden's oldest banks and a major mortgage lender, said in October last year it would exit Denmark and Finland as it saw little chance to grow in those markets without making major investments. While the exact deal value was not disclosed, Handelsbanken said on Monday that an amount based on the present value of the assets would be paid in cash on the transfer date, in addition to a premium of 3 billion Danish crowns ($424.4 million).
Denmark's Jyske Bank is holding discussions with Swedish banking group Handelsbanken to buy its Danish business, the two companies said late on Wednesday. No agreement on the acquisition has been reached," Jyske Bank said in a statement," adding it had no further comments.
STOCKHOLM (Reuters) -Swedish banks SEB and Handelsbanken both delivered better-than-expected quarterly profit gains on Wednesday to send their shares higher even as the war in Ukraine and surging inflation began redrawing the economic outlook. Net profit at SEB rose to 6.40 billion Swedish crowns ($652 million), easily beating a mean forecast of 4.93 billion crowns in a Refinitiv poll of analysts. Meanwhile, operating earnings at Handelsbanken rose to 6.59 billion Swedish crowns ($671 million) from 5.31 billion crowns a year earlier.