Handelsbanken presents the impact of a possible demutualisation of SPP - good for SPP's policyholders and good for Handelsbanken's shareholders
Handelsbanken arranged a capital market day today to present the impact of a possible demutualisation of its subsidiary SPP into a profit-distributing company. Background In 2001, Handelsbanken acquired SPP with the purpose of demutualising the company. The guiding principle for this was the Bank's experience of the demutualisation of Handelsbanken Liv which was planned at the time, but had not yet been implemented. At the time of acquisition, the Bank stated that demutualisation would take place in 2005. Due to the weak capital markets in 2001 and 2002 and the ambition to