Danica's acquisition of SEB Pension Denmark falls into place

Danske Bank's pension fund Danica is announcing the finalization of its acquisition of Danish SEB Pension is finalized. The merger may now begin.

Per Klitgård, CEO of Danica Pension | Photo: PR

The merger of Danica Pension and SEB Pension can now formally begin, as the Danica acquisition has officially been finalized, according to a company announcement from Danica.

SEB customers will be notified during the summer of 2018.

"On behalf of the customers and Danica, I'm very pleased that the deal is closed. We look forward to the important job of welcoming 200,000 new customers and our SEB colleges," says Per Klitgård, CEO of Danica.

"Joining forces will result in even stronger pension products. The merger enables us to make more investments that will help our customers get one step ahead. We do that by giving them an overview and the sense of security they're demanding now and in future – and now we're much better equipped at doing that," says Klitgård.

The process of integrating SEB Pension's customers into Danica Pension will be finalized in the first half of 209, Danica adds.

English Edit: Lisa Castey Hall Nielsen

More from AMWatch

Norway has the fastest growing investment fund market in Europe

So far in 2021, Norway has experienced massive inflows to its investment fund markets, beating former records. The pandemic and different government initiatives have resulted in an increased savings rate. Data also show that market shares are shifting among Norwegian fund managers.

Further reading

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch