This morning BinckBank and Saxo Bank announced conditional agreement on a recommended public offer for all outstanding BinckBank shares valuing the company at approximately EUR 424 mln. BinckBank will become the mid-European hub for the combination with Saxo Bank.
As a public offer involving two substantially sized financial institutions, this is an eye-catching transaction with multiple legal angles. BinckBank has been a long-standing client of NautaDutilh. This transaction enables us to show our firm-wide collaboration, including colleagues from our Corporate M&A team (Matthijs Noome, Aalt Colenbrander, Jos Somers and Leo Groothuis), Employment (Homme ten Have and Peter Vogels), Financial Law (Larissa Silverentand, Frans van der Eerden and Juliët de Graaf) and our Brussels office (Anne Fontaine).