NORDIC - Norway's largest financial, group Den Norske Bank (DnB), is to acquire the global asset management operations of Swedish firm Skandia in a move that will significantly bolster its assets under management and strengthen its presence in the Nordic region.
The deal with Skandia Asset Management (SAM) is worth around SEK3.2bn (EUR401.9m) with a capital gain of SEK2bn. The agreement covers approximately SEK280bn in managed assets and about 220 employee...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
