**Summary**
On December 1, 2025, Sydbank A/S announced that the proposed merger between Sydbank A/S, Arbejdernes Landsbank, and Vestjysk Bank has received approval from the Danish Competition and Consumer Authority. This follows the initial announcement of the merger proposal on October 27, 2025, and the publication of merger documents on October 29, 2025.
The merger is still contingent on two additional approvals
1. **Regulatory approval** from the Danish Financial Supervisory Authority (FSA) under the Danish Financial Business Act.
2. **Shareholder approval** at the extraordinary general meetings of Vestjysk Bank (December 2), Arbejdernes Landsbank (December 3), and Sydbank (December 4).
The announcement underscores the progress toward consolidating the three banks, pending final regulatory and shareholder endorsements.