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Deals

Denmark's Sydbank buys rival Alm. Brand Bank

FILE PHOTO: The entrance of Danish finance institute Sydbank is pictured in Copenhagen, November 5, 2013. REUTERS/Fabian Bimmer (DENMARK - Tags: BUSINESS)

COPENHAGEN (Reuters) - Danish lender Sydbank SYDB.CO has agreed to buy rival Alm. Brand Bank ALMB.CO for 1.83 billion Danish crowns ($289 million), equal to 95% of book equity, both banks said on Thursday.

Reporting by Nikolaj Skydsgaard; editing by Jason Neely

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