Denmark's Jyske Bank Puts Up $1.4B For Mortgage Lender
Under the deal, Jyske will take over BRFkredit's shares before issuing new Jyske shares to give BRFkredit shareholders a 25 percent stake in the bank. BRFkredit will become Jyske's largest shareholder. The goal is an integrated banking and mortgage credit group that will become a financial heavyweight in Denmark.
"The merger between BRFkredit and Jyske Bank is...
To view the full article, register now.