Nordea has made a significant gain from the sale of Nordisk Renting, a rental property developer it gained control of only four months ago, to Royal Bank of Scotland for Skr950m (€104m).

In addition to the sale to Royal Bank of Scotland, Nordea recently received a Skr1.2bn dividend from Nordisk Renting. The sale proceeds and dividend give Nordea a total of Skr2.2bn. It had invested a total of Skr1.4bn buying Nordisk Renting.

Nordea sells Nordisk Renting four months after gaining control

William Hutchings

Royal Bank of Scotland

Nordea

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