Kaupthing Sweden sells pension business to group of employees
-- The Swedish branch of troubled Icelandic bank Kaupthing said Monday it has sold its pension unit Kaupthing Pension Consulting to a group of employees.
The company said the pension business was sold to a group led by the unit's chief executive Dick Simonsson. The sale price wasn't disclosed.
"Kaupthing Sweden has, for some time, aimed at selling the wholly owned subsidiary KPC. The sale is completely in line with customers' demand for a totally independent pension consultancy," Kaupthing Sweden spokesman Peter Borsos said in a statement.
The new company will change its name but will continue to cooperate with Kaupthing Sweden, it said.
The Icelandic government took control of Kaupthing on Oct. 9 as Iceland plunged into a deep financial crisis, triggered by the global credit crunch and uncontrolled lending among the country's banks.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment