Setterwalls has advised Resurs Holding AB (”Resurs”) in connection with the distribution of all shares in the wholly-owned subsidiary Solid Försäkringsaktiebolag (”Solid Försäkring”) to the shareholders of Resurs, and the subsequent admission to trading of the shares in Solid Försäkring on Nasdaq Stockholm. The trading in Solid Försäkring’s shares on Nasdaq Stockholm commenced on 1 December 2021.
In recent years, Solid Försäkring has developed into a competitive and stable non-life insurance company with a diversified Nordic niche insurance portfolio. In order to create more favourable conditions for Solid Försäkring's continued development and growth, the board of directors of the parent company Resurs decided to distribute all of the shares in Solid Försäkring to the shareholders of the parent company, in accordance with the so-called “Lex Asea”-rules.
Setterwalls has advised Resurs and Solid Försäkring in connection with the distribution of the shares in Solid Försäkring and the subsequent admission to trading of the distributed shares on Nasdaq Stockholm.