Storebrand to acquire Capital Investment.

Storebrand, a financial services company in Norway, agreed to acquire Capital Investment, a Danish real estate asset manager and investment advisory headquartered in Copenhagen. Financial terms were not disclosed. "The asset management part of our business has grown significantly over the past years, and we have built a strong position outside our home markets Norway and Sweden. Storebrand is one of the largest and fastest growing asset managers in the Nordics with more than NOK1tn of assets under management. The acquisition accelerates Storebrand's growth strategy within Nordic alternative assets and will strengthen Storebrand Asset Management's position as the gateway to the Nordics," Odd Arild Grefstad, Storebrand Group CEO.