United States

Gjensidige wins FSA approval to acquire own shares

Monday, 12 Jun 2017 02:45am EDT 

June 12 (Reuters) - Gjensidige Forsikring Asa :FSA approval to acquire own shares.Reference is made to the authorization to acquire own shares in the market corresponding to up to 5 per cent of the share capital granted by the General Meeting on 6 April 2017.The Norwegian FSA has approved the authorization however contingent upon the group solvency margin (standard formula) not falling below 140 percent.