Denmark: Bech-Bruun Advises in Connection with Rights Issue in Alm. Brand
Bech-Bruun advises Joint Global Coordinators and Joint Bookrunners in connection with rights issue in Alm. Brand.
Bech-Bruun advises J.P. Morgan, Nordea, SEB and Danske Bank in connection with their underwriting of the rights issue in Alm. Brand intended to raise gross proceeds of approx. DKK 10.5 billion to finance Alm. Brand’s purchase of Codan’s Danish business.
The rights issue was launched on 8 November 2021 and is expected to close on 2 December 2021.
The Alm. Brand A/S Group is a Danish financial services group operating within non-life insurance and pension insurance.
Bech-Bruun’s team was headed by Steen Jensen and Martin Allan Christensen