Stockholm-based Folksam, one of the largest financial services groups in Sweden, is set to buy KPA, the main pension provider for local authorities and counties in Sweden.

Folksam, with over Skr90bn in assets under management and one of the main financial services providers, including insurance services, has announced its intention to buy KPA.

Swedish Folksam buys pension specialist KPA

Pirkko Juntunen

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One of the top investors in Adani Group launched an on-market share buyback to protect its share price against the contagion from a U.S. investigation into the Indian conglomerate.

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The AI titan will maintain its strong lead, but complicated product rollouts, sky-high expectations and the China threat add complications to growth potential.

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Research group GfK’s measure of consumer confidence climbed to minus 18 in November’s survey from minus 21 in October.

U.K. Consumers Cheerier Ahead of Holidays as Budget, U.S. Election Jitters Fade

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