M&A Deal Summary

SEB Trygg Liv Holding AB Acquires Codan Life & Pension Operations

On June 24, 2004, SEB Trygg Liv Holding AB acquired insurance company Codan Life & Pension Operations from Codan A/S for 173M GBP

Acquisition Highlights
  • This is SEB Trygg Liv Holding AB’s 1st transaction in the Insurance sector.
  • This is SEB Trygg Liv Holding AB’s largest (disclosed) transaction.
  • This is SEB Trygg Liv Holding AB’s 1st transaction in Denmark.

M&A Deal Summary

Date 2004-06-24
Target Codan Life & Pension Operations
Sector Insurance
Buyer(s) SEB Trygg Liv Holding AB
Sellers(s) Codan A/S
Deal Type Divestiture
Deal Value 173M GBP

Target

Codan Life & Pension Operations

Copenhagen,, Denmark
Codan Life & Pension Operations provides various non-life insurance products to individuals and companies.

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Buyer(S) 1

Buyer

SEB Trygg Liv Holding AB

Stockholm, Sweden

Category Company
Sector Insurance
DESCRIPTION

SEB Trygg Liv Holding AB, through its subsidiaries, provides life insurance products and services.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
Country (Denmark) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Codan A/S

Copenhagen,, Denmark

Category Company
Founded 1781
Sector Insurance
DESCRIPTION

Codan A/S is a provider of personal and commercial insurance products in the Nordic and Baltic regions. Company offers personal and commercial lines, marine, and general insurance products and services.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
Country (Denmark) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-12 Duborgh Skadeforsikring AS

Oslo,, Norway

Duborgh Skadeforsikring AS is a provider of multiline insurance products and services to individuals and commercial organizations.

Buy -