Twenty-five per cent of Nordea Liv & Pension sold to customers

Nordea Life Holding AB has sold 25 per cent of its shares in Nordea Liv & Pension to Foreningen NLP that represents the customers of Nordea Liv & Pension. Plesner assisted Nordea Life Holding AB with the transaction.

The price of the 25 per cent of the share capital is DKK 2,175m (EUR 291m). As part of the transaction, Foreningen NLP will further invest DKK 932.5m in hybrid core capital issued by Nordea Liv & Pension.
Nordea Liv & Pension will distribute EUR 375m to Nordea Life Holding AB in connection with the transaction and thus improve the Life Group’s capital position by approximately 16 percentage points.

The transaction is subject to approval by the Danish FSA.

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