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Danish pension funds complete Nykredit stake acquisition

An investor group headed by PFA Pension and involving PensionDanmark Pensionsforsikrings A/S, PKA, AP Pension and MP Pension as co-investors has completed the acquisition of a 16.9% stake in Nykredit A/S from Forenet Kredit, Industriens Fond and Østifterne f.m.b.a.

Nykredit, parent company of mortgage lender Nykredit Realkredit A/S, dropped its IPO preparations in November after reaching a purchase agreement with the investor group for the stake.