Sale of Coop Bank A/S (DK) to Sydbank A/S (DK)

Sydbank A/S (“Sydbank”) has entered into an agreement to acquire 100 percent of the shares in Coop Bank A/S (“Coop Bank”) from Coop amba (“Coop”) for an estimated DKK 345 million. As part of the agreement, Coop Bank will continue its exclusive strategic partnership with Coop Danmark A/S (“Coop Danmark”) to offer continued membership benefits as well as financial services to Coop members.

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