News in short December 10 – December 14 2018

<strong>Danske Bank sells off its Swedish pension arm

Danske Bank’s pension arm Danica Pension has sold off its Swedish branch, Danske Pension Försikringsaktiebolag, to a consortium of investors consisting of the Nordic private equity fund Polaris, the German private equity fund Acathi, Sampension and Unigestion. Jacob Aarup-Andersen, head of wealth management at Danske Bank, said the co-operation between the Swedish and Danish businesses will, however, continue after the DKK 1.9 billion (EUR 254.5 million) sale has gone through. Final approval for the sale from relevant authorities is expected to come through during the first half of 2019. “We will continue to focus on further developing the best pension