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Hammarskiöld & Co represented Folksam in the acquisition of SalusAnsvar

September 2012

Hammarskiöld & Co represented the Swedish insurance company Folksam Sak in relation to its acquisition of all shares in SalusAnsvar AB from listed Norwegian DNB Bank ASA. The total consideration amounts to approximately SEK 480 million.

Folksam is one of the largest Swedish insurance companies. SalusAnsvar primarily offers non-life insurance and personal insurance in the Swedish market. The company has approx. 170 employees and recorded total sales of SEK 176 million in 2011. SalusAnsvar has a total of approx 550 000 customers. The transaction strengthens Folksam's position on the Swedish insurance market.

Hammarskiöld & Co's team consisted primarily of Lars Ulrichs and Jakob Falkman, (Partners) Erik Löfwall and Jonas Stedt (Senior Associates) as well as Magnus Bohman, Elisabeth Elvingsson, Alexander Camitz, Shamim Sharifinassab and Fredrik Wahlberg (Associates).  Partner Claes Langenius together with senior associate Rickard Haglund and Maria Westerberg (Associate) advised on competition law matters. 

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