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Polaris, Acathia, Sampension and Unigestion complete purchase of Danica Pension Sweden

Danske Bank does not expect the sale of Danica's pension Swedish business to affect its Nordic growth strategy. Danske will now focus on further developing pension solutions in Denmark and Norway, where it sees synergies across markets.

"It is not a strategic investment, but simply a matter of doing a good business," said Sampension's CEO, Hasse Jørgensen in a statement in December, when it was annonced. | Photo: PR

The sale of Danica Pension Sweden to a consortium of investors has been finalized, Danske Bank announced last week. The consortium, which purchased Danica's Swedish operations for approximately DKK 1.9bn, consists of Nordic private equity fund Polaris, German private equity fund Acathia, Danish pension fund Sampension and Switzerland-based asset manager Unigestion.

Sampension CEO Hasse Jørgensen described the deal as a potential growth case "in an exciting investor consortium" last December, when the deal was initially announced, but was still pending regulatory approval.

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