Jyske Bank A/S announced it has signed a binding agreement to acquire FP Kapital A/S, the parent company of Formuepleje, a Denmark-based wealth manager. The transaction, valued at DKK 40 billion in assets under management, will transfer full ownership from current shareholders to Jyske Bank.
Formuepleje oversees approximately DKK 40 billion for roughly 14,000 investors and employs nearly 100 staff, with operations centered in Aarhus and Copenhagen. The acquisition is projected to add slightly more than DKK 0.2 billion in annual net fee income, with earnings per share expected to benefit starting in 2028.
Integration costs are estimated at DKK 0.1 billion, while net capital consumption is forecasted to remain near 0.1% of Jyske Bank’s risk exposure amount. The deal remains subject to customary closing conditions, including regulatory approvals, and is targeted for completion in the fourth quarter of 2026.
Jyske Bank reiterated its 2026 earnings per share guidance in the range of DKK 71 to DKK 85, equating to a net profit of DKK 4.3 billion to DKK 5.1 billion. Lars Mørch, CEO of Jyske Bank, stated the acquisition aims to leverage Formuepleje’s advisory model, client relationships, and skilled workforce, adding that the bank intends to further develop the wealth manager’s business and product offerings.
