December 21, 2016 / 8:19 AM / in 7 months

BRIEF-Denmark approves Nordea's internal merger

1 Min Read

Dec 21 (Reuters) - Denmark's Ministry of Commerce in a press release

* Says has approved Swedish bank Nordea's Danish unit to become branch instead of subsidiary effective from Jan 1, 2017.

* Says responsibility for supervision, regulation and crisis management will be transferred from Denmark to Sweden

* Nordea's board of directors decided in early December to continue a cross-border merger between Nordea and its subsidiary banks in Denmark, Finland and Norway Further company coverage: (Copenhagen newsroom)

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