BRIEF-Storebrand sells Swedish unit to KPA Pension

OSLO, March 20 Wed Mar 20, 2013 9:05am EDT

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OSLO, March 20 (Reuters) - Storebrand ASA : * SPP sells SPP Liv Pensionstjänst AB to KPA Pension * Says given regulatory approval, the estimated result effect for SPP is

positive with approximately NOK 100 million, expected to be booked in the 2nd quarter of 2013 * Says parties have agreed not to comment on the purchase price * Says the administration associated with SPPs municipal customers is transferred to KPA Pension * Says the agreement also includes the transfer of approximately NOK 1.2 billion from SPPs guaranteed portfolios to KPA Pension. (Reporting by Oslo newsroom)