BRIEF-Gjensidige plans to sell 20.1 pct Storebrand stake

Tue Feb 25, 2014 10:36am EST

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Feb 25 (Reuters) - Gjensidige Forsikring ASA : * contemplates sale of up to 90,458,254 shares in Storebrand ASA * Says shares represent 20.11% of Storebrand's capital and voting rights * Says potential sale is to be conducted by way of an accelerated bookbuilt

offering to institutional investors * Says has engaged BofA Merrill Lynch, Morgan Stanley and Pareto Securities as

bookrunners in the sale

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