The pension fund Danica Pension has unveiled a new strategy to invest billions of kroner into Danish companies, according to Børsen business newspaper.
The first step of the Danske Bank subsidiary's plan will be to invest 400 million kroner into the Danish logistics and transport company Unifeeder. After that, it expects to invest at least ten billion kroner into other Danish firms.
“We are ready with a double-digit billion kroner amount,” Jacob Aarup-Andersen, the head of finance at Danica, told Børsen. “We don’t have a deadline, but we want to invest into them within the next two years.”
“With 330 billion kroner in the accounts, we have the strength to heavily invest in the Danish business sector, where we see loads of opportunities.”
Don't want control
Aarup-Andersen, 36, has been working on a new investment strategy for Danica since he assumed his position on May 1, and while it hasn’t been completed, much of it hinges on pulling billions of kroner out of traditional securities such as bonds and stocks and investing them directly into the Danish market.
Aarup-Andersen underlined that Danica is not interested in taking over the control of companies, and that the pension fund will only target minority-owned businesses.
With more than 600,000 customers, Danica is one of the largest pension providers in Denmark.