On 8 March 2010, Nykredit Realkredit A/S signed a binding agreement concerning
the sale of Nykredit Forsikring A/S to Gjensidige Forsikring BA.
The implementation of the transaction was subject to the usual terms and
conditions, including the approval of the financial supervisory authorities in
Denmark and Norway. As all terms and conditions had been complied with, the
parties implemented the transaction on 29 April 2010.
- With the acquisition of Nykredit Forsikring, Gjensidige is now the fifth
largest insurance company in Denmark, says Helge Leiro Baastad, CEO of
Gjensidige.
In connection with Nykredit's sale of its insurance activities to Gjensidige,
Nykredit and Gjensidige have entered into a long-term strategic alliance.
- Through the alliance with Gjensidige we will continue to offer our customers
in-surance services and products, which is an important element of the
agreement, says Peter Engberg Jensen, Group Chief Executive of Nykredit.
Contacts
Gjensidige: Helge Leiro Baastad, CEO, or Øystein Thoresen, Head of
Communication, tel +47 95 23 33 82.
Nykredit: Peter Engberg Jensen, Group Chief Executive, or Nels Petersen,
Head of Corporate Communications, tel +45 44 55 14 70 or
+45 20 22 22 72.
