Denmark’s Financial Stability Company takes another stake in financial sector
Denmark’s Financial Stability Company (Finansiel Stabilitet, or FS) the state owned company responsible for acquiring and running off assets of stricken financial companies, has formally established a subsidiary to handle DKK17bn (€2.28bn) worth of assets from FIH Holding A/S.
The deal, first reported in InvestmentEurope back in March this year has been cleared by the European Commission and the Danish competition authorities. The assets include property and financial instruments.
Lise Gronø has been appointed managing director of the subsidiary – FS Property Finance. She joins FS from Danske Bank, where she has been head of Central Credits since 2004.