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
Press release Annual general meeting 2019