February 25, 2014 / 3:37 PM / 3 years ago

BRIEF-Gjensidige plans to sell 20.1 pct Storebrand stake

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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