Danske Bank and the other owner banks of Danish mortgage credit institution LR Realkredit A/S have today entered into an agreement to sell LR Realkredit A/S to Nykredit Realkredit A/S.

A purchase sum of DKK 2.6 billion has been agreed. Danske Bank holds 31.45% of the shares.

“We are confident that this is the right decision for LR Realkredit and for the possibilities of developing the business further to the benefit of all its stakeholders,” says CFO Christian Baltzer of Danske Bank.

The sale is conditional on approval by the relevant authorities.

At present, the sale is not expected to affect Danske Bank’s outlook for 2019.

Danske Bank