Silkeborg, 2013-05-31 12:19 CEST (GLOBE NEWSWIRE) --
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NASDAQ OMX Copenhagen A/S |
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GROUP EXECUTIVE BOARD Vestergade 8-16 DK - 8600 Silkeborg Tel.: +45 89 89 89 89 Fax: +45 89 89 19 99 www. jyskebank.dk E-mail: jyskebank@jyskebank.dk Business reg. no. DK17616617 |
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| 31.05.2013 |
The Jyske Bank Group sells its activities in Jyske Global Asset Management
Jyske Bank's subsidiary Jyske Global Asset Management A/S has concluded an agreement to sell all its activities to the Canadian company ENR Asset Management Inc.
Jyske Global Asset Management was established in April 2008 and offers advice to US
private-banking clients. Today the company manages assets totalling about DKK 2.5bn.
ENR Asset Management will take over the advisory services offered to clients, but based on the agreement Jyske Bank will still operate the accounts and custody accounts of the clients.
Jyske Bank sells its stakes in the Krone Kapital group
Jyske Bank A/S has entered into an agreement with Sparekassen Kronjylland to sell Jyske Bank's stakes in the Krone Kapital group, which carries on lending and leasing activities. Jyske Bank acquired its stakes in the Krone Kapital group in connection with the take-over of the activities of Sparekassen Lolland.
The sales agreement covers 50% of the share capital in Krone Kapital A/S and 100% of the share capital in Krone Kapital III A/S. It is expected that the sale will be completed on 1 July 2013, and it is solely subject to approval by the Danish Competition and Consumer Authority.
Further information
On the whole, these sales will result in a small positive contribution to Jyske Bank's profit for 2013 and a minor decline in the Bank's lending.
Please direct any questions concerning this announcement to Niels Erik Jakobsen, Managing Director, tel. +45 89 89 20 04
Yours sincerely,
Jyske Bank
