Article
2023.01.02

Cederquist assists Nordax Bank and Bank Norwegian in connection with the cross-border merger between the banks

Cederquist has assisted Nordax Bank AB (publ), Bank Norwegian ASA and their owners in connection with the implementation of a cross-border merger between the Swedish and the Norwegian bank, respectively. The merger was implemented with Nordax Bank as the surviving company and Bank Norwegian as the transferring company, with the operations of Bank Norwegian being continued through Nordax Bank’s Norwegian branch.

Nordax Bank and Bank Norwegian are leading specialist banks in Northern Europe and owned by Nordic Capital Fund IX, Nordic Capital Fund VIII and Sampo. Through the merger of the two companies, Nordax Bank becomes the largest independent specialist consumer finance lender in the Nordics.

Cederquist’s team is led by Martin Ulfson, Pontus Röckert and Isabel Cantos, assisted primarily by Artemis Rahimian and Gustav Björklund (M&A, Corporate and Structuring) as well as Tobias Frödin Lilja, Sebastian Bertheau and Jakob Nilsson (Financial Regulatory), with the support of several specialists and other partners and associates. For further information, please refer to the press release published by Nordax Bank, available at https://www.nordaxgroup.com/press/press-release?id=9497885F99AA84BD&s=CID2ZACK02DTSvBTa1uCXR-FcRsArg_OdtW9YDqjM5s

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