Divestment of Topdanmark Liv by Topdanmark to Nordea

Carnegie acted as exclusive financial advisor to Topdanmark in the divestment of Topdanmark Liv Holding to Nordea. Topdanmark divests Topdanmark Liv Holding to Nordea for a goodwill consideration of DKK 1.5 billion in excess of the book value of shareholders’ equity as of the closing date – indicating a value of DKK 4.5 billion of Topdanmark Liv based on most recent reported shareholders’ equity (to be updated at closing).Topdanmark Liv is the 5th largest commercial life insurance provider in Denmark with close to DKK 100 billion in assets under management and more than 220,000 customers. The foundation of Topdanmark was laid more than 120 years ago (1898/99) with the inception of Mejeriernes Ulykkesforsikring and Arbejdsgivernes Ulykkesforsikring that later merged in 1972 effectively establishing Topdanmark Liv.
Pending.

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