Foreningen NLP will purchase 25% of the share capital in Danish Nordea Liv & Pension, livsforsikringsselskab A/S.
Foreningen NLP representing the customers of Nordea Liv & Pension will purchase the minority stake from Nordea Life Holding AB.
- This is a unique opportunity to serve the mutual interests of customers and Nordea Liv & Pension, says Nils Bolmstrand, CEO of Nordea Life Holding AB.
- We welcome our customers as co-owners. For the benefit of customers and the company, we will in a co-ownership structure further strengthen the position of Nordea Liv & Pension in Denmark, Nils Bolmstrand says.
The price of the 25% of the share capital is DKK 2,175m (EUR 291m). The book value is DKK 1,098m. In addition, Foreningen NLP will invest DKK 932.5m in Tier 1 subordinated debt issued by Nordea Liv & Pension.
In relation to the transaction Nordea Liv & Pension will distribute EUR 375m to Nordea Life Holding AB improving the Life Group solvency capital position by approx.16% points.
The transaction is signed by Foreningen NLP and Nordea Life Holding AB. It is subject to approval by the Danish FSA.
For further information:
Rodney Alfvén, Head of Investor Relations, +46 72 235 05 15
Ragnar Roos, Acting Head of Group External Communications, +46 76 787 69 84
The information provided in this press release is information that Nordea Bank AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation.
Latest press releases
Soon, Nordea will be two years into its transformation process.
Casper von Koskull, President and Group CEO, will present the results. The presentation will be conducted in English and can be viewed live. You can also fin...
On 25 August 2016 Nordea and DNB entered into an agreement to combine their operations in Estonia, Latvia and Lithuania in order to create a leading independ...
Press release Annual general meeting 2018
Nordea’s Annual General Meeting 2017 decided to establish a nomination committee with the task of presenting to the Annual General Meeting 2018 proposals con...
The Nordea Bank AB (publ) Board of Directors initiates a re-domiciliation of the parent company to Finland
Press release Regulatory press release
At the Board meeting held on 6 September 2017, the Nordea Bank AB (publ) Board of Directors decided to initiate a re-domiciliation of the parent company from...