Den Norske buys last of Skandia's asset management

Friday 3 September 2004 at 16:00

Stockholm-based Carlson Investment Management, a subsidiary of Norway's Den Norske Bank, has bought the asset management operations of SkandiaBanken, the online banking arm of the Skandia group.

A spokeswoman for Skandia said the group had sold the fund management arm in order to concentrate on internet banking.