KLP to vote on demutualisation

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NORWAY - Kommunal Landspensjonskasse (KLP), the mutually owned insurer that covers 95% of municipal and county pension provision in Norway, will vote on demutualisation at its general assembly 21 April.

The proposal to convert the mutual into a limited liability company will require a two thirds majority of the representative assembly, said Benedicte Agerup, KLP’s chief financial officer. If the p...

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