CPH Post

Business

Danica to invest billions into Danish market

Over the nest two years, Danica wants to invest at least 10 billion kroner


The first step for Danica will be to invest 400 million kroner into the Danish logistics and transport company Unifeeder (Photo: Unifeeder)

June 27, 2014
15:13

by CW


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.”

READ MORE: Pension funds investing in agriculture

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.



Related stories



Latest Comments

Is Schengan german for Schmuck?

(Jon Paris King on November 16, 2014 22:25)

She's very annoying, snobby, and i love her

(Dave Darlington on November 16, 2014 21:20)

I find that your article has the beginnings of a sluggish government who...

(Nickolaus Hendel on November 16, 2014 16:28)

Come on, stop these sham paid articles. reality is totally the opposite of...

(Sri Iyer on November 16, 2014 14:59)

(Not) sorry to say, but freedom of speech and freedom of expression laws were...

(Hunter McCann on November 16, 2014 14:11)

Video from the performance here...

(Uwe Max Jensen on November 16, 2014 10:40)

"Underwear is not supposed to be funny" Ok, so perhaps it's supposed to be...

(Jens Rost on November 15, 2014 23:51)

Add the Faroe Islands and Greenland to the list as independant members in the...

(Elias Guðjónsson on November 15, 2014 20:14)

A Simple question:- Calling highly qualified people for fulfilling the...

(Lila Devi Gautam Ghimire on November 15, 2014 13:39)

I`m sure that the teachers are pissed off because now they have to work for...

(Jon Paris King on November 15, 2014 12:53)