Arbejdernes Landsbank A/S completed the acquisition of branches in Vejle, Horsens and Skanderborg from Østjydsk Bank A/S.

Arbejdernes Landsbank A/S entered into an agreement to acquire branches in Vejle, Horsens and Skanderborg from Østjydsk Bank A/S (CPSE:OJBA) on May 31, 2013. Arbejdernes will assume all deposits, loans, guarantees and employees of the 3 branches. These branches combined generate revenues of DKK 1.8 billion. Morten Jensen and Thomas Skjellerup of Accura Advokataktieselskab acted as legal advisors for Arbejdernes in the transaction.

Arbejdernes Landsbank A/S completed the acquisition of branches in Vejle, Horsens and Skanderborg from Østjydsk Bank A/S (CPSE:OJBA) on June 26, 2013.