Stockholm-based Carlson Investment Management, a subsidiary of Norway's Den Norske Bank, has bought the asset management operations of SkandiaBanken, the online banking arm of the Skandia group.

A spokeswoman for Skandia said the group had sold the fund management arm in order to concentrate on internet banking.

Den Norske buys last of Skandia's asset management

Hugh Wheelan

Den Norske Bank

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