The Danish Pension Fund LD has sold its last 32% stake in LD Invest to PKA, the Realdania Foundation, and LD Invest itself. FIH has also announced the sale of their 15% of LD Invest to PKA. This has increased PKA’s stake in LD Invest to approximately 22%.
The director of LD, Carsten Koch, commented in the company press release, ‘"From the start, it was quite a task to carry out the purely practical separation of the two organizations. We are incredibly pleased that the last economic and legal division of property has fallen into place."
This is a final stage of a long process, which began in June 2010 when LD Pension and FIH reduced their stakes by selling shares to PKA and PBU.
Peter Damgaard Jensen, PKA's managing director, said: "PKA invested in LD Invest for the first time in the summer of 2010. We know them really well and have cooperated in a number of fields. So when the opportunity to invest more came up, it didn't take us long to consider. It is quite simply a good investment for us."
Jeppe Christiansen the CEO of LD investment, said: "It is a milestone in the stockbroking company's history. We established the LD Invest in 2005 and has since worked us toward that day when the two organizations each have a strong and independent of each other."
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