Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Storebrand ASA ( (GB:0NO0) ) has issued an update.
Storebrand ASA has signed a letter of intent with Knif AS and Knif Trygghet Forsikring AS to explore a long-term strategic partnership that includes a potential merger of Knif Trygghet Forsikring AS with Storebrand Forsikring AS, targeting the market for non-profit, voluntary and Christian organizations. The contemplated deal would combine Storebrand’s 5.7 percent share of the Norwegian non-life insurance market with Knif Trygghet’s 0.6 percent share and its roughly NOK 800 million premium portfolio, strengthening Storebrand’s position in a niche non-profit segment while the company expects no material impact on group solvency, liquidity or financial results; any final agreement remains subject to due diligence, regulatory clearances and board approvals.
The most recent analyst rating on (GB:0NO0) stock is a Hold with a NOK165.00 price target. To see the full list of analyst forecasts on Storebrand ASA stock, see the GB:0NO0 Stock Forecast page.
More about Storebrand ASA
Storebrand ASA is a Nordic financial group headquartered at Lysaker outside Oslo and listed on the Oslo Stock Exchange, providing insurance, savings and other financial services to around 61,000 corporate clients and 2.6 million individual customers, and managing NOK 1,561 billion in assets with an emphasis on sustainable solutions and long-term financial security.
Average Trading Volume: 653,298
Current Market Cap: NOK73.94B
For an in-depth examination of 0NO0 stock, go to TipRanks’ Overview page.