The offering included 1,387,026,000 shares

Davis Polk advised the joint global coordinators and joint bookrunners on the rights offering by Alm. Brand A/S of 1,387,026,000 new shares with a nominal value of DKK 1 each at a subscription price of DKK 7.55 per new share with pre-emptive rights for the existing shareholders of Alm. Brand A/S at the ratio of 9:1.

Alm. Brand A/S is headquartered in Copenhagen and is the third-largest non-life insurer in Denmark. Alm. Brand A/S provides non-life insurance, life insurance as well as pension products and sells a broad range of general insurance products including insurances related to personal accident, workers’ compensation, vehicle, fire & content insurance and liability insurance.

The Davis Polk corporate team included partner Reuven B. Young, counsel Connie I. Milonakis and associates Christopher Diel and Tanu Sinha. Counsel Alon Gurfinkel and associate Omer Harel provided tax advice. All members of the Davis Polk team are based in the London office.

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