Placement of shareholding

IPO and ECM Advisory
Mar 2013
Deal Value:
EUR 733 million
Accelerated Bookbuild
Financial Institutions and Real Estate

Realdania has successfully sold 52m shares in Danske Bank, corresponding to 5.2% of the outstanding share capital, to institutional investors through an accelerated bookbuild (ABB). Gross proceeds amount to DKK 5.460 million, which will be reinvested to balance Realdania’s portfolio.
Realdania, a Danish philanthropic association, had a 10.07% ownership stake in Danske Bank which dated back to 2000 when Realkredit Danmark and Danske Bank merged. The Danske Bank stake accounted for more than 40% of Realdania’s assets and in the pursuit of a more balanced and diversified portfolio, Realdania decided to bring their ownership below 5% via an accelerated bookbuild offering in the market. The proceeds from the transaction will be reinvested in other assets to support future philanthropic projects.

FIH Partners has acted as financial advisor to Realdania and among other things advised on the market standards for ABB transactions as well as the selection of the bookrunner syndicate, including negotiating their fees.