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Authorities approve Nykredit's acquisititon of Sparinvest

Nykredit's acquisition of 75 percent of Sparinvest equities has been approved by Luxembourg'S FSA.

Photo: Sara Gangsted / Ritzau Scanpix

The buy was announced in March when Nykredit and the owners of Sparinvest Holdings SE wrote a conditioned contract to acquire the investment company.

The contract was dependent on final approval by the Danish Competition and Consumer Authority and the financial supervisory authority in Luxembourg, CSSF.

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