STOREBRAND ASA: Storebrand Helseforsikring AS transaction approved
Reference is made to the stock exchange notification on 21 September 2023, where it was announced that Storebrand ASA has entered into an agreement to divest its 50% stake in Storebrand Helseforsikring AS to co-shareholder ERGO International AG, a wholly-owned subsidiary of ERGO Group AG.
The transaction has now received all the necessary regulatory approvals. Closing of the transaction is expected on 2 April 2024.
The divestment has an estimated positive impact of approximately NOK 1.1 billion on Storebrand's Group results in the 2nd quarter 2024.
Lysaker, 29 February 2024
For further inquiries, please contact:
Kjetil Ramberg Krøkje, Group Head of Strategy, Finance and M&A
Kjetil.r.krokje@storebrand.no or (+47) 934 12 155
Johannes Narum, Head of Investor Relations:
johannes.narum@storebrand.no or (+47) 993 33 569
Storebrand is a Nordic financial group, delivering increased security and financial wellness for people and companies. We offer sustainable solutions and encourage our customers to take good economic decisions for the future. Our purpose is clear: we create a brighter future. Storebrand has about 55.000 corporate customers, 2.2 million individual customers and manages NOK 1,212 billion. The Group has its headquarter at Lysaker outside of Oslo, Norway. Storebrand (STB) is listed on Oslo Stock Exchange.
This is information is pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.