Nordea aims to win over shareholders

Nordea’s CEO Casper von Koskull held a secret meeting on Tuesday with a number of minority shareholders, including AMF, Swedbank Robur and the AP pension funds, in an attempt to convince them that a move of the bank’s head office to Helsinki is in their best interest.

A move will require the approval of at least two-thirds of shareholders at next year’s AGM, but some of the larger minority shareholders are said to be sceptical to the plan. “As a shareholder in Nordea, you have to ask yourself if the value of your investment may decrease with the Finnish tradition of running a company,” says one shareholder who wishes to remain anonymous.