AP2 to sell Skandia stake

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SWEDEN - The e18bn Second Swedish National Pension Fund (AP2) is to sell its 3.5% stake in Skandia after Old Mutual secured majority control of the Swedish insurer last week.

AP2 announced it would “relinquish” its interest in the company following Old Mutual’s successful bid which secured it 72.1% control of Skandia. The fund spearheaded the campaign against Old Mutual...

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