Danish pension fund, LD, has sold its remaining 32% stake in the asset management unit, LD Invest, for an undisclosed sum, IPE reports. The buyers are pension institution, PKA, the foundation, Realdania, and LD Invest itself. Corporate lending bank, FIH, also offloaded its LD Invest holding of around 15%. The move has increased PKA’s stake in LD Invest to 22%. LD originally set up LD Invest to conduct its investment activities on a commercial basis. At that time, LD held the majority stake through a holding company.
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