Scandinavia: Come together
The consolidation of the Nordic financial services market is proving a driver for the development of the pan-Nordic firm, say Eva Hagg and Andre Andersson
The consolidation of the Nordic financial services means that today there are six major banks in the region: Danske Bank; Nordea; Svenska Handelsbanken; SEB; Swedbank; and DnB NOR. This process has generated a considerable amount of work for corporate and competition lawyers in all of the jurisdictions involved. However, the market has now reached a stage where any further consolidation among these banks would be difficult to envisage, and the thwarted merger between SEB and Swedbank in 2001 was probably the final attempt at a major merger in a domestic market for the fore-seeable future. Even though the banking landscape appears to be stable, there is, nonetheless, considerable activity in the financial services sector.
This premium content is reserved for
Legal Week Subscribers.
A PREMIUM SUBSCRIPTION PROVIDES:
- Trusted insight, news and analysis from the UK and across the globe
- Connections to senior business lawyers within the leading law firms and legal departments
- Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
- The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
- Optimized access on all of your devices: desktop, tablet and mobile
- Complete access to the site's full archive of more than 56,000 articles
Already have an account? Sign In Now
For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651