Danish commercial pension fund AP Pension has agreed to buy Skandia’s Danish business in a deal that will increase its customer base by a third and almost double the annual contributions it takes in. For its part, Skandia said the sale would allow it to focus on its Swedish business. Skandia Danmark manages DKK 32 billion and has 93,000 pension and health insurance customers. AP Pension is a Danish pension company with DKK 100bn under management and 334.000 customers.
