Folksam purchases SalusAnsvar
The insurance company Folksam will purchase SalusAnsvar AB from DNB.
SalusAnsvar is a wholly-owned subsidiary of DNB Bank ASA. The company primarily offers non-life insurance and personal insurance in the Swedish market. The company has 170 employees and recorded total sales of SEK 176 million in 2011. SalusAnsvar has a total of approximately 550 000 customers.
SalusAnsvar will be sold for just over SEK 480 million. DNB will thus record a loss relative to book value of SEK 57 million. Due to reduced deductible items, the transaction will result in a 2 basis point increase in DNB’s Tier 1 capital.
This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act.
This e-mail was sent to you by DNB. To unsubscribe from our mailing list, please send e-mail to: [email protected]
Visit our website dnb.no.
---------------------------------
Investor contact:
Per Sagbakken, Head of IR/Long-term Funding: +47 90 66 11 59