Billions of Danish kroner invested in airplane leasing firm Nordic Aviation Capital (NAC), telecom TDC and financial group Nykredit are not performing as well as hoped, reports Danish business media Finans.
NAC, which has borrowed DKK 3bn (EUR 400m) from PFA, is hit hard by the Covid-19 pandemic, and an agreement allowing the former to skip interest and amortization payments has just been approved. In the case of TDC, purchased by PFA, ATP and Macquarie for DKK 40bn (EUR 3.4bn), telecom sector analyst John Norden says the company has shown poor economic development. Finally, according to Finans' information, some of Nykredit's stakeholders were obliged to book an impairment on the investment earlier this year.
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