Jyske Bank A/S (CPSE:JYSK) entered into an agreement to acquire 100% stake in PFA Bank A/S from PFA Holding A/S for DKK 245 million on June 13, 2023. As part of the agreement, the Jyske Bank Group is expected to take over the administration and management of PFA Invest during the first half of 2024 and on 31 May 2024 at the latest. The agreement is conditional on approvals by the authorities and is expected to be completed during the third quarter of 2023. As on September 1, 2023, Danish Competition and Consumer Authority has approved Jyske Bank A/S? acquisition of PFA Bank A/S. The transaction will be completed with effect as from October 1, 2023. Mads Kjellerup Dambæk, Jens Harkov Hansen, Poul Erik Lytken, Christian Monberg and Amalie Secher V. Geertsen of Accura Advokatpartnerselskab acted as legal advisor to Jyske Bank A/S (CPSE:JYSK).

Jyske Bank A/S (CPSE:JYSK) completed the acquisition of 100% stake in PFA Bank A/S from PFA Holding A/S on September 29, 2023.