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BRIEF-Vestjysk Bank: group of long-term investors submits voluntary offer
June 13, 2017 / 8:12 AM / 2 months ago

BRIEF-Vestjysk Bank: group of long-term investors submits voluntary offer

June 13 (Reuters) - VESTJYSK BANK:

* SAID MONDAY GROUP OF LONG-TERM DANISH INVESTORS RESOLVED TO SUBMIT VOLUNTARY OFFER FOR ALL SHARES IN VESTJYSK BANK

* GROUP OF INVESTORS COMPRISES NYKREDIT, MAJ INVEST (ON BEHALF OF CUSTOMERS), ARBEJDERNES LANDSBANK, AP PENSION, NOVO A/S, THE C.L. DAVID FOUNDATION AND COLLECTION, ISP PENSION AND VESTJYLLAND FORSIKRING

* MINISTRY OF FINANCE ANNOUNCED CONDITIONAL ACCEPTANCE OF OFFER ON BEHALF OF DANISH STATE, WHICH OWNS 81 PERCENT OF SHARES IN THE BANK

* INVESTOR GROUP OFFERS DKK 1 PER SHARE TO ALL SHAREHOLDERS IN A VOLUNTARY OFFER

* DANISH STATE AGREED TO SELL ITS SHARES FOR TOTAL PRICE JUST OVER DKK 123 MILLION

* INVESTOR GROUP WILL GUARANTEE COMPLETION OF SHARE ISSUE RAISING DKK 745 MILLION IN NEW EQUITY TO VESTJYSK BANK

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Further company coverage: (Gdynia Newsroom)

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