October 12, 2010 - Assignment

Vital becomes sole owner of Kista Galleria

Vital Forsikring ASA has become the sole owner of the companies that own and operate Kista Galleria, a 90,000 square meter building comprising Sweden’s largest shopping mall, as well as offices, hotels and student apartments. The acquisition of the 49.9% ownership stake from Länsförsäkringar Life Insurance Company (Länsförsäkringar Liv Försäkringsaktiebolag) has been made via a Swedish subsidiary and is pending regulatory approvals.

Vital Forsikring, Norway’s largest private life and pension insurance, is a subsidiary of the Norwegian financial services group DnB NOR. Vital Forsikring has owned 50.1% of Kista Galleria since 2005.

Vital has been advised by Mannheimer Swartling on the transaction. Tomas Johansson led the firm’s team handling the assignment, primarily assisted by Jennie Knutsson. Johan Carle handled competition law issues, assisted by Jens Agö and Daniel Svensson, and Anders Erasmie handled tax issues, assisted by Anna Bokström.