Moalem Weitemeyer advised the Board of Danske Andelskassers Bank. Accura advised Spar Nord Bank.
Spar Nord Bank A/S submitted a mandatory takeover bid to the shareholders of Danske Andelskassers Bank.
Spar Nord Bank has increased its shareholding in Danske Andelskassers Bank by 4.6%, from 32.07% to 36.67%, through the acquisition of an additional 8,548,439 shares from AP Pension at a price of DKK 10.35 per share.
The Board recommends that shareholders do not accept the offer. Danske Andelskassers Bank has a strategy that is realized as an independent bank or through equal consolidation. The strategy does not allow for a merger with Spar Nord. The strategy is widely accepted among shareholders in Danske Andelskassers Bank who represent, jointly, more votes than Spar Nord and who have communicated that the offer made by Spar Nord will not be accepted.
The Moalem Weitemeyer team included Henning Aasmul-Olsen (Picture), Henning Hedegaard Thomsen, Kristoffer Lund Poulsen, Joakim Holdt and Joachim Buznicki Nørlem.
The Accura team was led by Kåre Stolt and further included Anne Zeuthen Løkkegaard, Tue Rønholt Hansen and Joachim Stig Christensen.
Involved fees earner: Anne Zeuthen Løkkegaard – Accura; Tue Rønholt Hansen – Accura; Joachim Stig Christensen – Accura; Kåre Stolt – Accura; Henning Aasmul-Olsen – Moalem Weitemeyer; Joachim Buznicki Nørlem – Moalem Weitemeyer; Henning Hedegaard Thomsen – Moalem Weitemeyer; Joakim Holdt – Moalem Weitemeyer; Kristoffer Lund Poulsen – Moalem Weitemeyer;
Clients: Anders Howalt-Hestbech; Anette Holstein; Britta Rider Eriksen; Jesper Dan Jespersen; Klaus Moltesen Ravn; Mikael Tolbod Jakobsen; Niels Jørn Nielsen; Poul Erik Weber; Spar Nord ; Tommy Skov Kristensen;