SWEDEN - AP4 has agreed to sell half its shares in property manager Dombron Stakeholders to pension provider AMF for SEK400m ($63m).
Dombron is one of the largest owners and managers of residential properties in Sweden, with a portfolio valued at SEK6bn in Uppsala, Stockholm, Halmstad and Gothenburg.
AP4 president Mats Andersson said: "We are pleased to have AMF as half owner of Dombron. Together we can develop a real estate company that can benefit from the opportunity we both have as long-term investors."
Dombron president Jan-Erik Höjvall added: "With the Fourth AP Fund and the AMF as owners of Dombron we have created favourable conditions to successfully develop our business. We are pleased with the deal and see the deal as a long term investment."
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.