India, Sept. 2 -- Jyske Bank A/S (JYSK.CO,JYSKY) on Wednesday entered into a binding agreement to acquire 100% of the shares of FP Kapital A/S, also known as Formuepleje.
The completion is subject to customary closing conditions, including regulatory approvals, and is expected in the fourth quarter of 2026.
The acquisition is expected to generate annual net fee income of slightly above DKK 0.2 billion and be accretive to earnings per share from 2028.
The company also said that the integration costs are expected to be approximately DKK 0.1 billion.
The net capital consumption is expected to be close to 0.1% of its risk exposure amount.
The transaction is intended to accelerate its growth in wealth management and strengthen its position ...