Gernandt & Danielsson assists Sparbanksstiftelsen Rekarne in the merger between savings banks

Gernandt & Danielsson assists Sparbanksstiftelsen Rekarne in the merger between the foundation's partially owned Sparbanken Rekarne and Sparbanken Västra Mälardalen. The merged savings bank will become one of the largest in Sweden, with a business volume of over 85 billion SEK, approximately 118,000 customers, and operations in five municipalities. The transaction is inter aliaconditioned upon approval of by the Swedish Competition Authority and the Financial Supervisory Authority. The merged savings bank will be owned by Sparbanksstiftelsen Rekarne (30%), the future ownership foundation of Västra Mälardalen (40%), and Swedbank (30%).

Gernandt & Danielsson's work has been led by partner Mats Hugoson.