ALM. Brand A/S (ALMB.CO)
23 May 2018
* POSTED A FULL-YEAR PROFIT OF DKK 1,023 MILLION BEFORE TAX
COPENHAGEN, Feb 5 Saxo Bank, which mainly operates online trading platforms, has agreed to sell the majority of its Danish banking unit to Danish bank and insurance group Alm. Brand for 360 million Danish crowns ($60.22 million).
* ACQUISITION WILL INCREASE ALM. BRAND BANK'S BUSINESS VOLUME BY ABOUT 50%
* SAYS ACQUISITION PRICE IS DKK 360 MILLION, CORRESPONDING TO BOOK VALUE OF ACQUIRED ASSETS AND LIABILITIES Source text for Eikon: Further company coverage: (Gdynia Newsroom)