Lars Larsen Group increases stake in asset manager

Lars Larsen Group is a holding company named after the founder of retail chain Jysk and run by his descendents. It is now becoming a main shareholder at asset manager Formuepleje, which was valued at just under EUR 400m in connection with the deal.

Lars Larsen Group's chair of the board, Jacob Brunsborg (left), and CEO, Jesper Lund | Photo: Lars Larsen Group/PR

A new large shareholder is joining Denmark's largest independent asset manager, Formuepleje.

Lars Larsen Group, which is the holding company by the descendants of Lars Larsen who founded the retail chain Jysk in 1979, is becoming a new main shareholder at the asset manager, which is based in Aarhus, as the former owning family, the Hommelhoffs, significantly reduce their shares.

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