ATP sells its UK enfant terrible: CEO admits losses for Danes

Danish-based pension provider ATP is divesting its UK pension fund Now Pensions, which has 1.7 million members, to a pension provider and investment manager. ATP's CEO, Bo Foged, admits that the investment has not been satisfactory.

Photo: PR/ATP

After well over eight years, ATP is selling its British subsidiary Now Pensions to Cardano Group.

ATP's interim CEO, Bo Foged, tells AMWatch's sister site, FinansWatch, that the sales process began before Christmas, and that it was Cardano Group which had actively approached ATP. Several UK media reported that ATP was actively seeking to divest its British subsidiary following years of repeated deficits.

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