Danica reportedly plans to sell off Swedish unit

Danica has lost the battle in the Swedish pensions market and has now put its Swedish business unit on the market, according to Insidebusiness.

Photo: Danica

Danske Bank, owner of Danica, is mothballing its Swedish business unit and putting it on the market, according to Insidebusiness.

Danske Bank will not comment on the specific news article, but according Insidebusiness, sources claim that Swedish-based Danica never managed to achieved a market share high enough to compete with major players such as SEB and Skandia. Furthermore, several advisers confirm that Nordic asset managers in particular are considering buying the Swedish pension fund.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Further reading

Latest news

Watch job

See all jobs

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch