Cevian Capital has completed the acquisition of a 5.02 percent stake in Danske Bank, The Wall Street Journal reports. The acquisition is a part of the company’s plan to raise its profitability.
Cevian is also in discussion with Danske Bank’s management and board to raise profitability. Cevian Capital is a Swedish privately held investment firm and Danske Bank is based in Denmark.
Click here for the story from The Wall Street Journal.
Click here for additional coverage from Reuters.
Cevian Capital Buys Danske Bank Denmark Cevian Capital Reuters