Spar Nord Bank A/S
Spar Nord divests Swedish leasing activities
Spar Nord Bank A/S 01.07.2014 10:12 Dissemination of a Adhoc News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Spar Nord has today entered into an agreement with PICAN AB according to which PICAN AB acquires Spar Nord's Swedish leasing activities which have been categorised as a discontinuing activity since September 2011. Owned by Pierre Skoog, who is the current Chief Executive of Spar Nord's Swedish leasing activities, PICAN AB acquires the company with a view to continued operation. The transaction comprises leasing commitments at an approximate total value of SEK 450 million and will be completed on the basis of a valuation of the commitments at par. The transaction will not have an impact on Spar Nord's profit expectations for 2014. Please direct any questions regarding this announcement to Ole Madsen, Senior Vice President, Communication, on tel. +45 96 34 40 10. News Source: NASDAQ OMX 01.07.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Spar Nord Bank A/S Denmark Phone: Fax: E-mail: Internet: ISIN: DK0060036564 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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