Nykredit has finalized its acquisition of Spar Nord, following final approval from competition authorities. The transaction means that Spar Nord shareholders have received payment for their shares.

According to a statement by CEO Michael Rasmussen, Nykredit is looking forward to welcoming Spar Nord’s customers and colleagues into the Nykredit Group, stressing that this is a joining of two robust banks that share a focus on growth and customer satisfaction.

The plan for Spar Nord will be to ultimately be delisted from the stock exchange.