Storebrand completed the acquisition of Skagen for €170m.

Storebrand, Norway's largest private asset manager, completed the acquisition of Skagen, a Scandinavian mutual fund company, for €170m. "I am very excited about this transaction, which represents a new chapter in Skagen's history. I am looking forward to working with Storebrand to create good returns and increased value for our customers,' Øyvind Schanke, Skagen CEO.