Danske Bank sells equity interest in Nets Holding A/S

Danske Bank sells equity interest in Nets Holding A/S

As part of the group of owners of Nets Holding A/S, Danske Bank has today signed an agreement to sell Nets Holding A/S to a consortium consisting of Advent International, ATP and Bain Capital. The consortium will acquire 100% of Nets Holding A/S’s share capital for a cash consideration of DKK 17 billion. The transaction is subject to regulatory approval and is expected to be completed in Q2 2014.

Danske Bank holds a 16.13% equity interest in Nets Holding A/S. The sale of Danske Bank’s shareholding in Nets Holding A/S will have a positive effect of about DKK 1 billion on the Group’s financial results compared with the outlook guidance for 2014 given in Annual Report 2013.

The sale does not change the net profit guidance of DKK 9-12 billion for 2014.

Danske Bank A/S

Contact:
Henrik Ramlau-Hansen, Chief Financial Officer, +45 45 14 06 66