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KLP is part of class action suit against Danske Bank

Norway's largest pension company explains to Norwegian business outlet DN.no why it has decided to join a class action suit against Danske Bank in the wake of the money laundering scandal.  The oil fund is not involved.

Photo: Reuters Staff/Reuters/Ritzau Scanpix

Norway's largest pension company, KLP, which has assets worth over EUR 75 billion is part of a class action suit against Danske Bank which was recently brought by 63 investors, according to DN.no.

Through the suit, which is being led by Danish lawyer Ole Sigetty from firm Németh Sigetty, dissatisfied investors are demanding EUR 201 million (DKK 1.5 billion) for the losses they experienced following the whitewashing scandal in Estonia.

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