Advent International, Bain Capital and ATP have today signed an agreement to acquire 100% of the share capital of Nets from the existing shareholders, a group of 186 Danish and Norwegian banks, for a cash consideration of DKK 17.0 billion, corresponding to a price per share of DKK 92.37. In addition, the shareholders will receive the dividend for 2013 totalling DKK 498 million, or DKK 2.70 per share.
The Board of Directors of Nets unanimously recommends the shareholders to accept the Offer. Shareholders representing more than 90% of the shares and voting rights have signed irrevocable undertakings to accept the Offer, including Ringkjøbing Landbobank A/S. The acquisition is subject to regulatory approval and is expected to be completed in Q2 2014.
For Ringkjøbing Landbobank A/S the acquisition will imply extraordinary income of approx. DKK 10 million for Q1 2014 including dividend.