Capinordic has applied for permission to merge Proviso Fondsmæglerselskab into Capinordic Bank. The merger will be implemented as a continuation of the Group’s acquisition strategy. Implementation of the merger is expected in H1 2007 and will have effect from 1 January 2007. Capinordic estimates that a merger will lead to a more efficient utilisation of synergies and the knowledge capital of Proviso Fondsmæglerselskab and Capinordic Bank. The earnings basis of the Group will also be expanded.
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