Gjensidige NOR was a Norwegian bank and insurance company that was in existence between 1999 and 2003. The company was created when the two savings banks Sparebanken NOR (bank) and Gjensidige (insurance) were merged in 1999. In 2002 Norwegian savings banks were allowed to become public limited company and was listed on the Oslo Stock Exchange. In 2003 the company was merged with Den norske Bank to form DnB NOR, while the original insurance company Gjensidige was demerged and again became a separate company in 2005.[1][2]
 | |
| Industry | Financial services |
|---|---|
| Founded | 1999 |
| Defunct | 2003 |
| Fate | Merged |
| Successor | DnB NOR Gjensidige |
| Headquarters | Oslo, Norway |
When the company was made a public limited company, a foundation was created to own part of the corporation, which still exists as Sparebankstiftelsen DnB NOR and owns 10.95% of DnB NOR. After the demerger, Gjensidige became a self-owning institution.[citation needed]
References
editExternal links
edit
 | This Norwegian bank or insurance-related article is a stub. You can help Wikipedia by expanding it. |