Den norske to buy Skandia AM for e350m

By 2002-01-08T04:25:00

NORWAY/SWEDEN- Norway’s largest financial services group Den norske bank is buying Skandia Insurance’s investment management outfit Skandia Asset Management (SAM) for Sek3.2bn (e350m). Skandia manages SEK280bn meaning Den norske’s assets under management will more than triple to Sek400bn following the deal.

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