AP2 co-ordinates activity of minority shareholders in Old Mutual bid

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SWEDEN - The e16bn Swedish AP2 fund has set out the ground rules to protect the rights of minority shareholders while Old Mutual attempt a joint ownership of Skandia Insurance Company (Skandia).

In late September 2005, All three AP funds with holdings in insurance company Skandia rejected Old Mutual’s bid for the firm. “If the amount of the current offer is not increased, the proportion...

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