Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Denmark
  4. Nasdaq Copenhagen
  5. Alm. Brand A/S
  6. News
  7. Summary
    ALMB   DK0015250344

ALM. BRAND A/S

(ALMB)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Sydbank A/S completed the acquisition of Alm. Brand Bank A/S from Alm. Brand A/S.

12/31/2020 EST

Sydbank A/S (CPSE:SYDB) agreed to acquire Alm. Brand Bank A/S from Alm. Brand A/S (CPSE:ALMB) for DKK 1.8 billion on October 1, 2020. Under the terms of the transaction, consideration is involving the payment of the value of the equity at the date of acquisition deducting intellectual property rights and adding DKK 25 million. The cash purchase price cannot be finally calculated until the date of acquisition. The provisionally calculated purchase price totals DKK 1.833 billion, equal to 95% of book equity. The acquisition includes approximately 55,000 NemKonto (Easy Account) customers, bank loans and advances totaling DKK 4.8 billion and arranged Totalkredit mortgage loans representing DKK 16.9 billion and it will make Sydbank the largest distributor of Totalkredit mortgage loans. Brand Bank and consequently take over all the bank’s employees and the bank’s customers. Transaction is subject to approval of Danish Financial Supervisory Authority and Danish Competition and Consumer Authority. Transaction is expected to close on November 30, 2020. As of October 30, 2020, the transaction is approved by Danish Financial Supervisory Authority and Danish Competition and Consumer Authority and transaction is expected to be completed as soon as possible and no later than end of November 2020. Mads Kjellerup Dambæk, Brian Bundgaard, Tue Rønholt Hansen, Christina Heiberg-Grevy, Poul Erik Lytken, Kenny Michael Andersen, Nikolaj Grønvald Hansen and Julius Sander of Accura acted as legal advisors to Alm. Brand. Sydbank A/S (CPSE:SYDB) completed the acquisition of Alm. Brand Bank A/S from Alm. Brand A/S (CPSE:ALMB) in 2020.


ę S&P Capital IQ 2020
All news about ALM. BRAND A/S
11/19Danish Financial Regulator OKs Alm. Brand's Purchase of Chopin Forsikring
MT
11/19The Danish FSA has today approved Alm. Brand's acquisition of Codan Forsikring A/S' Dan..
AQ
11/19Alm. Brand – Report on trading in Alm. Brand A/S shares by executives and their r..
AQ
11/17Alm. Brand – Report on trading in Alm. Brand A/S shares by executives and their r..
AQ
11/11ALM. BRAND A/S : RIGHTS ISSUE: 9 new shares @ 7.55 DKK for 1 existing share
FA
11/08Alm. Brand Launches $1.6 Billion Rights Issue to Partly Fund Codan Deal
MT
11/08Alm. Brand A/S initiates rights issue and publishes prospectus
AQ
11/05Alm. Brand – Report on trading in Alm. Brand A/S shares by executives and their r..
AQ
10/31Alm. Brand A/S completes capital reduction by changing share denomination
AQ
10/28Alm. Brand A/S - Interim report Q3 2021
AQ
More news
Financials
Sales 2021 5 530 M 843 M 843 M
Net income 2021 971 M 148 M 148 M
Net Debt 2021 - - -
P/E ratio 2021 1,82x
Yield 2021 39,5%
Capitalization 1 751 M 266 M 267 M
Capi. / Sales 2021 0,32x
Capi. / Sales 2022 0,31x
Nbr of Employees 1 395
Free-Float 95,4%
Chart ALM. BRAND A/S
Duration : Period :
Alm. Brand A/S Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ALM. BRAND A/S
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Last Close Price 11,38 DKK
Average target price 60,00 DKK
Spread / Average Target 427%
EPS Revisions
Managers and Directors
Rasmus Werner Nielsen Chief Executive Officer
Andreas Ruben Madsen Chief Risk & Financial Officer
J°rgen Hesselbjerg Mikkelsen Chairman
Karen Sofie Hansen-Hoeck Independent Director
Ebbe Castella Independent Director
Sector and Competitors
1st jan.Capi. (M$)
ALM. BRAND A/S-36.06%268
AMERICAN INTERNATIONAL GROUP, INC.45.14%45 625
THE TRAVELERS COMPANIES8.57%37 492
TOKIO MARINE HOLDINGS, INC.7.54%35 052
THE ALLSTATE CORPORATION2.92%32 435
SAMPO OYJ24.56%26 692