Sale of Nordea's General Insurance business completed

Sale of Nordea's General Insurance business completed Nordea has now obtained all required regulatory and competition authority approvals in regard to the previously announced sale of Nordea's General Insurance business (Tryg Vesta Group) to Tryg i Danmark smba. The sale has now been settled and completed. Tryg i Danmark smba will therefore from today assume full control of Tryg Vesta Group. The economic responsibility for Tryg Vesta Group was transferred to Tryg i Danmark smba as per 1 July 2002. Final adjustments to the transferred net asset value of Tryg Vesta Group will result in an additional loss on the sale of EUR 4 million which will be accounted for in Nordea's third quarter results. For further information: Arne Liljedahl, Group CFO, +46 8 614 79 96 Sigurd Carlsen, Head of Investor Relations, +46 8 614 78 52 Torben Laustsen, Head of Group Identity and Communications, +46 8 614 79 16 Nordea is the leading financial services group in the Nordic and Baltic Sea region and operates through three business areas: Retail Banking, Corporate and Institutional Banking, Asset Management & Life. The Nordea Group has more than 10 million customers, 1,245 bank branches in 22 countries. The Nordea Group is a world leader in Internet banking, with 3.1 million e-customers. The Nordea share is listed in Stockholm, Helsinki and Copenhagen. www.nordea.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/09/30/20020930BIT00250/wkr0001.doc http://www.waymaker.net/bitonline/2002/09/30/20020930BIT00250/wkr0002.pdf

About Us

We build strong and close relationships through our engagement with customers and society. Whenever people strive to reach their goals and realise their dreams, we are there to provide relevant financial solutions. We are the largest bank in the Nordic region and among the ten largest financial groups in Europe in terms of total market capitalisation with around 11 million customers. The Nordea share is listed on the Nasdaq Helsinki, Nasdaq Copenhagen and Nasdaq Stockholm exchanges. Read more about us on nordea.com.

Subscribe