Report

Vestjysk Bank - AL bid: Offer document out

Offer ends July 6, VB board position June 21 at the latest DKK 3.45 bid is in the low end of our fair value range Bid PE of 8x 2022e looks low vs. recent transactions
Underlying
Vestjysk Bank A/S

Vestjysk Bank A/S. Vestjysk Bank A/S is a Denmark-based regional bank active in the Jutland Peninsula. The Bank provides a range of banking products and financial services to private and corporate customers. Its product portfolio comprises credit cards, saving accounts, mortgages, loans, pension funds, insurance, financing, leasing, as well as related advisory and investment services, among others. Furthermore, the Bank operates an online banking facility, named Netbank, which offers the access to payments, transfers, electronic invoices, product overviews, mobile banking and securities trading. Its branches are located in a number of Danish cities, such as Lemvig, Silkeborg, Esbjerg, Kolding, Thyboroen, Skjern, Viborg and Holstebro.

Provider
ABG Sundal Collier Sponsored
ABG Sundal Collier Sponsored

ABG Sundal Collier is the independent, Nordic investment banking powerhouse, developed over 30 years, founded on a hard working partnership culture and the ability to attract top talent.

Our strategy is to be an advisor and an intermediary, and the core product offering comprise corporate advisory services, corporate financing services and investor research and brokerage services.

Our corporate advisory team offers access to a broad financial and industrial network and unparalleled transaction experience. We provide financing to corporates through our superior Nordic and international distribution platform, and we are optimally structured for naturally matching trading flows, delivering best execution for clients.

The group employ approx. 250 staff working from the Nordic offices in Norway, Sweden and Denmark and in the offices in the key international markets US, UK and Germany. 


Analysts
Mads Thinggaard

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