Danish funds buy FIH bank for DKK5bn

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DENMARK - A consortium consisting of pension funds ATP and PFA Pension and insurance companies Folksam and CPDyvig has agreed to acquire FIH Erhvervsbank for DKK5bn ($879m).

FIH, which is headquartered in Copenhagen, is the sixth largest bank in Denmark with assets of DKK125bn and shareholders' equity of DKK8bn as of 30 June 2010. FIH has operations in corporate banking, risk...

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