AMWatch

Media: Topdanmark is considering selling its pension business

According to Danish business daily, Denmark's second-largest insurance company is contemplating selling off its pension arm.

Photo: PR/ Topdanmark

Topdanmark is considering divesting its pension unit. According to Danish business daily Børsen, Topdanmark has secretly reached out to investment bank Carnegie to explore possibilities for a deal.

A sale of the pension business will be in line with the strategy of Topdanmark's largest shareholder, Sampo, which owns 47 percent of Topdanmark. Sampo is currently undergoing a transformation towards becoming a purely non-life insurance company.

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