Sydbank, Arbejdernes Landsbank, and Vestjysk Bank on Wednesday released key documents detailing the terms of their planned merger, advancing a deal that would create a major new player in the Danish banking sector.
The lenders published a joint merger plan and statement two days after announcing they had entered into a formal agreement, according to a company filing.
The newly available materials include valuation statements on the proposed merger from experts at PriceWaterhouseCoopers, EY, and Deloitte, as well as declarations regarding the position of creditors.
The banks also made their audited interim balance sheets and approved annual reports for the last three financial years available on their websites.
The merger prompted Sydbank to terminate its 1.35 billion Danish Kroner share buyback program on Monday.
The company said it had repurchased shares totaling 1 billion Danish Kroner before halting the program.
The move comes as Sydbank reported strong third-quarter earnings and raised its full-year profit forecast for 2025 to a range of 2.4 billion to 2.6 billion Danish Kroner.
Sydbank expects to publish further information, including the notice for an extraordinary general meeting to approve the deal, on Nov. 5, the company said.
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