Gjensidige acquires Länsförsäkringar International
Mannheimer Swartling has assisted Gjensidige Forsikring in connection with its acquisition of Länsförsäkringar International from Länsförsäkringar. Länsförsäkringar International provides casco and property insurance in Latvia and Lithuania. Gjensidige is market leading in property insurance in Norway. The company had approximately NOK 17 billion in premium revenue in 2008.
The transaction is subject to competition clearance and approval from financial supervisory authorities. Closing is expected to take place within six months.
Helena Rempler was responsible for the transaction and was assisted by Fredrik Forsström, Anna Duvander and Joel Mårtensson.