SEB divests SEB Pension in Denmark
(WorldNews Sweden)

SEB has signed an agreement to sell all shares in SEB Pensionsforsikring A/S and SEB Administration A/S (SEB Pension) to Danica Pension Livsforsikringsaktieselskab (Danica, a subsidiary to Danske Bank) for a total proceed of DKK 6.5bn, consisting of a cash consideration of DKK 5.0bn and a pre-closing dividend of DKK 1.5bn. The pre-closing dividend will be in addition to the dividend of DKK 1.1bn which SEB received in the first six months of 2017. Johan Torgeby, SEB`s President and CEO comments on the transaction: - I am pleased that we together with Danica have concluded a mutually beneficial deal. The transaction has clear strategic and long-term financial benefits and is consistent with...