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Denmark's AP Pension to acquire Skandia's Danish pension ops

Denmark-based Foreningen AP Pension f.m.b.a. said it is acquiring the Danish pension operations of Swedish financial group Livförsäkringsbolaget Skandia ömsesidigt for an undisclosed sum.

The transaction is subject to approval by relevant authorities, with final clarification expected by the end of 2018. AP Pension will gain around 93,000 customers following the deal.