We are proud to have assisted ERGO, one of Europe's leading financial conglomerates in insures, with this acquisition. The transaction was signed today and is expected to be completed in the first quarter of 2024, with an estimated positive impact of approximately NOK 1.1 billion on Storebrand's Group results.
Storebrand Health Insurance is one of Norway's leading players in the production an sale of health insurance. For over 20 years the company has been a successful joint venture owned 50/50 by Ergo and Storebrand ASA. The transaction is expected to be completed in the first quarter of 2024.
The transaction has involved support from significant parts of our business areas, especially in M&A, regulatory, competition law and IT. Our legal team was led by Lars Horgen Hinze and the core team consisted of Karl Rosén, Stein Ove Solberg, Christopher Hestnes and Jon Oscar Njerve.
