Danske Bank Eyes First Acquisition in Nearly 10 Years as CEO Targets Sweden
Updated
Updated · Bloomberg · Jun 12
Danske Bank Eyes First Acquisition in Nearly 10 Years as CEO Targets Sweden
1 articles · Updated · Bloomberg · Jun 12
Summary
Carsten Egeriis said Danske Bank is ready to consider acquisitions, opening the door to the lender’s first major deal since its laundering crisis nearly a decade ago.
Sweden is the clearest target for that push because Danske’s retail business there remains relatively small, making a deal a logical way to expand.
The strategy marks a shift toward inorganic growth in the Nordics after years in which Denmark’s largest bank stayed out of sizable acquisitions.