Nykredit wants to bind distributing banks to ten-year Sparinvest deal
Two-year binding agreements are common while five-year contracts are less so. A commitment of ten years is beyond the ordinary. The banks are free to opt out, Nykredit informs, but it will cost them.
By Simon Lund Christiansen, translated by Katrine Gøthler & Christian Radich Hoffman
Denmark’s second-largest asset manager, Nykredit, wants to bind partnering banks to asset manager Sparinvest, which Nykredit acquired in 2019.
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