August 26, 2016 4:21 PM ET

Banks

Company Overview of Den Jyske Sparekasse A/S

Company Overview

Den Jyske Sparekasse A/S provides commercial banking services. The bank was incorporated in 1872 and is based in Grindsted, Denmark.

Borgergade 3

Grindsted,  7200

Denmark

Founded in 1872

Phone:

45 76 72 09 99

Fax:

45 75 32 15 65

Key Executives for Den Jyske Sparekasse A/S

Den Jyske Sparekasse A/S does not have any Key Executives recorded.

Den Jyske Sparekasse A/S Key Developments

Den Jyske Sparekasse Plans IPO

Den Jyske Sparekasse A/S has announced that it is planning for an initial public offering ('IPO') after the shareholders' committee approved these plans. A listing is expected to take place before the end of 2017 or during 2018.

Den Jyske Sparekasse Seeks Alternatives To Raise Funds

Den Jyske Sparekasse A/S stated in its annual report that it is considering multiple alternatives to raise funds which include initial public offering (IPO), using current surplus, selling sector share or reduce its risks by selling organisational units.

Den Jyske Sparekasse to Cut 50 Jobs

Den Jyske Sparekasse is cutting up to 50 posts as part of its new austerity program. In addition to 14 people being laid off, 36 positions will be removed through voluntary redundancies and replacements not being extended. In all, around one in 10 jobs will be eliminated. In making the cuts, the bank expects to save DKK 30 million, which is equivalent to 6.7% of its personnel and administration.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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