Jyske Bank enters into an agreement to acquire Formuepleje

Jyske Bank A/S (Jyske Bank) has entered into a binding agreement with the shareholders of FP Kapital A/S on the acquisition of 100% of the shares of FP Kapital A/S (Formuepleje).

Formuepleje is one of Denmark's largest independent wealth managers with approximately 14,000 investors, assets under management of around DKK 40bn and close to 100 employees, with a strong presence in and around Aarhus and Copenhagen. The transaction supports Jyske Bank's ambition to accelerate growth within wealth management and strengthens its position among affluent customers, where Jyske Bank's private banking customers have been the most satisfied in Denmark for the past 11 years.