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Storebrand ASA (STB.OL)

STB.OL on Oslo Stock Exchange

69.96NOK
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Latest Key Developments (Source: Significant Developments)

Storebrand's board chairman bought 15,000 shares
Friday, 16 Feb 2018 10:21am EST 

Feb 16 (Reuters) - Storebrand Asa ::‍CHAIRMAN DIDRIK MUNCH HAS TODAY PURCHASED 15,000 SHARES IN STOREBRAND ASA AT NOK 69.19 PR. SHARE​.  Full Article

Storebrand closes Skagen takeover
Thursday, 7 Dec 2017 04:37am EST 

Dec 7 (Reuters) - Storebrand Asa ::‍IN ACCORDANCE WITH SHARE PURCHASE AGREEMENT ENTERED INTO, STOREBRAND HAS TODAY ACQUIRED ALL OF A-SHARES AND 10,000 OF B-SHARES IN SKAGEN AS​.  Full Article

‍Storebrand Liv issues SEK 1 bln tier 2 bond
Tuesday, 7 Nov 2017 06:56am EST 

Nov 7 (Reuters) - Storebrand Asa :‍storebrand livsforsikring as - successful placement of new tier 2 bond​.‍storebrand livsforsikring as has today successfully issued a new SEK 1 billion solvency ii compliant tier 2 bond issue with a coupon of 3m stibor + 2.00 per cent.The transaction was substantially oversubscribed. The bonds will be applied for listing on the Oslo Bourse.Danske Bank and Nordea acted as joint lead managers for the bond issue​.  Full Article

Storebrand q3 group result above forecast
Wednesday, 25 Oct 2017 01:34am EDT 

Oct 25 (Reuters) - Storebrand Asa :Storebrand q3 group result NOK ‍773​ million (Reuters poll nok 661 million) vs NOK 676 mln in Q3 2016.  Full Article

Norway's Storebrand to buy asset manager Skagen
Wednesday, 25 Oct 2017 01:30am EDT 

Oct 25 (Reuters) - Storebrand Asa :Storebrand acquires SKAGEN and strengthens its position in a growing savings market.The acquisition increases the Storebrand Group's share of the of NOK 221 bn private fund savings market from 4% to 17%.SKAGEN has approximately 140,000 unit holders.Storebrand will acquire all of the A-shares, and 10 000 of the B-shares in SKAGEN, equivalent to 90.95% of the share capital in the company and 99.9% of the voting rights in the company‍.Will pay selling skagen shareholders a sum of NOK 1.6 billion for shares at time of transaction​.‍75% of price will be new issued shares in storebrand asa and 25% will be in cash​.‍in addition, there is a possibility of an additional earnout based on positive development in skagen's results and income, and a share of performance fees as a result of excess return relative to skagen funds' relevant benchmarks​.‍cash payment will be financed by sale of short-term bonds in storebrand asa's liquidity portfolio, which will amount to nok 1.5bn after transaction​.‍in addition to liquidity portfolio, storebrand asa has an unused credit facility of eur 240m​.‍transaction is expected to have an immediate 2 percentage point negative impact on storebrand's solvency margin​.‍it is expected that transaction will strengthen group's solvency margin and dividend capacity going forward​.  Full Article

Storebrand to acquire Silver's insurance portfolio for NOK 520 mln
Tuesday, 24 Oct 2017 10:31am EDT 

Oct 24 (Reuters) - Storebrand ASA :‍has signed an agreement to take over silver's insurance portfolio for nok 520 mln.The purchase is financed by the company portfolio in Storebrand Livsforsikring AS.Silver's 21,000 policies and NOK 10 bln in pension assets will be transferred to Storebrand​.‍It is expected that purchase will provide an operating result before tax of approximately nok 60m a year​.‍In 2018 a negative result effect of approximately nok 45m is expected to align assumptions in new insurance portfolio and other financial effects.‍A deferred tax asset of nok 300m will be recognized on balance sheet to reflect tax loss carried forward loss in silver​.‍The agreement presupposes that no more than 20 pct of silver's customers object to solution by deadline set by silver and public approvals.‍Transaction is expected to be completed during january 2018​.  Full Article

Storebrand sells stake in asset manager Formuesforvaltning
Monday, 22 May 2017 07:50am EDT 

May 22 (Reuters) - Storebrand Asa :Storebrand Livsforsikring AS sells its 20.8 pct stake in Formuesforvaltning AS to Phoenix Management.Transaction is expected to give a positive result contribution of around NOK 85 million in q2 2017.  Full Article

Storebrand raises NOK 500 mln in bond issue
Friday, 12 May 2017 05:04am EDT 

May 12 (Reuters) - Storebrand Asa :Storebrand asa: successfully completed bond issue.Issued new unsecured bonds with a nominal amount of NOK 500 million ($58.17 million) and a tenor of 5 years, with a coupon of 3m nibor + 1.55 pct.The purpose of the bond issue is refinancing of existing debt. Nordea and SEB were Joint Lead Managers for the bond issue.  Full Article

Storebrand plans 5-year bond
Friday, 12 May 2017 03:21am EDT 

May 12 (Reuters) - Storebrand Asa :Contemplating a new senior unsecured bond issue with 5 years tenor.Purpose of bond issue is to refinance existing debt.Nordea and SEB have been appointed as joint lead managers for bond issue.  Full Article

Storebrand: Tor Olav Troim extends forward contracts for 7.450.000 shares
Friday, 5 May 2017 02:52am EDT 

May 5 (Reuters) - Storebrand Asa ::Drew holding ltd, a company affiliated with Tor Olav Troim, has on 4th may 2017 extended forward contracts for 7.450.000 shares.The new forward contract expires 3 November 2017 at price of NOK 58.655/share.Including the shares held directly by Drew, its total exposure in Storebrand is unchanged at 10.000.000 shares .Drew has, since September 2015, been represented on the board of directors of Storebrand by Mr. Håkon R. Fure..  Full Article

BRIEF-Storebrand's board chairman bought 15,000 shares

* ‍CHAIRMAN DIDRIK MUNCH HAS TODAY PURCHASED 15,000 SHARES IN STOREBRAND ASA AT NOK 69.19 PR. SHARE​ Source text for Eikon: Further company coverage: (Reporting by Oslo newsroom)