Acquisition of a majority stake in BISE Bank by DnB Nord Bank
Strategic advisory to Bank DnB Nord, significant market player in the North-Eastern European banking sector, on select aspects of the acquisition of a 76% stake in BISE, Polish bank focusing on SME and municipality financing
On April 26, 2007 Bank DnB NORD successfully closed the purchase of 76% of shares in Bank BISE from Credit Cooperatif and Industrial Development Agency.
Additionally, the bank intends to acquire the shares owned by minority shareholders to achieve a 100% share in BISE.
FIDEA acted as financial adviser to Bank DnB NORD on select strategic aspects on the transaction.