Today, The Copenhagen Stock Exchange Admitted TrygVesta A/S To Listing

Today, the Copenhagen Stock Exchange welcomed a new company – TrygVesta A/S. TrygVesta is the second largest general insurance company in the Nordic region. The group comprises Denmark’s largest insurance company, Tryg, with a market share of 22 per cent. Vesta, which is the third largest in Norway, with a market share of 19 per cent and a rapidly growing branch office in Finland. Moreover, the group consists of Enter, which in company with Vesta offers insurance products in Norway, and the Danish guarantee insurer Dansk Kaution. In round figures TrygVesta employs 3,700 people in Denmark, Norway and Finland.

TrygVesta A/S was formed in 2002 in connection with Tryg i Danmark smba’s takeover of Nordea’s general insurance activities. TrygVesta goes back to 1731, when its predecessor, Tryg Forsikring A/S, was formed under the name Kjøbenhavns Brand. Vesta was formed in Bergen in 1880. TrygVesta closed the subscription period for private investors already on 5 October due to strong demand. Tryg i Danmark smba, the majority shareholder of Tryg, raised proceeds of DKK 5,681 million (EUR 761 million) from the sale of shares in connection with the flotation, and TrygVesta got approx. 23,000 new shareholders.

President and CEO of the Copenhagen Stock Exchange Hans-Ole Jochumsen said, ”The Copenhagen Stock Exchange is pleased to welcome TrygVesta. We look forward to welcoming more stock market entrants. A stock exchange listing is a powerful marketing tool and opens up now possibilities of expanding the company further”.

Group CEO of TrygVesta Stine Bosse said, ”We are convinced that the listing on the Copenhagen Stock Exchange is perfectly timed. The listing will improve our access to the capital markets, professionalize our business further, and strengthen the profiling of the group.”

The number of companies listed on the Copenhagen Stock Exchange is thus 179, of which 65 are operating in the banking industry, including TrygVesta.