Press release -
AP4 rejects Old Mutual's offer for Skandia
The Fourth National Swedish Pension Fund’s holding in Skandia is long-term. The Fund rejects Old Mutual’s offer for Skandia. The reasons given by Skandia’s Board of Directors are shared fully by the Fund. In the Fund’s opinion, some key points deserve special mention.
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Topics
- Economy, Finance
Categories
- 2005
- corporate governance
The Fourth Swedish National Pension Fund (AP4) is a government agency. AP4's brief is to manage Fund capital for the best possible return over time and thus support the stability of the pension system.