Bloomberg Anywhere Bloomberg Professional About Bloomberg


 
Nordea Chief Sees ‘Match’ With Swedbank, Plans M&A, Report Says

By Diana ben-Aaron

Nov. 7 (Bloomberg) -- Nordea Bank AB Chief Executive Officer Christian Clausen said there is a “match” between his lender and Swedbank AB, and that his bank plans acquisitions, the Norwegian newspaper Dagens Naeringsliv reported.

“I am not surprised that Swedbank is put forth time and again as a good match for Nordea,” Clausen told the newspaper. “Everyone who looks at our books sees that there is a match.”

Clausen didn’t tell the newspaper whether he had considered a purchase of Swedbank. Nordea has bought two Danish banks and is ready to make purchases in other countries as well, Clausen also told the newspaper.

Swedbank spokeswoman Anna Sundblad and Nordea spokesman Rune Sjohelle both declined to comment.

To contact the reporter on this story: Diana ben-Aaron in Helsinki at dbenaaron1@bloomberg.net

Last Updated: November 7, 2009 07:30 EST

Sponsored links