Recent Buy: Nordea Bank AB

Oops, I did it again as I bought additional 60 shares of Nordea Bank for 8,12 EUR per share for my secondary portfolio. Nordea announced today that they are buying a Norwegian online bank from Gjensidige Forsikring ASA, a company I still recently had position on, for €578 millions paid in cash. Interesting developments in general – Sampo being a major owner of Nordea and Gjensidige being a competitor of Sampo. I suppose we will see plenty of M&A activity in insurance & banking sectors in the coming years.

See: https://www.nordea.com/en/press-and-news/news-and-press-releases/press-releases/2018/07-02-06h00-nordea-to-acquire-gjensidige-bank-and-enter-strategic-partnership-with-gjensidige.html