Gjensidige entered into a share agreement with Nordea with the sale of Gjensidige Bank ASA.
With this sale, Gjensidige will withdraw from the Norwegian bank market, and Nordea will become the second largest bank in Norway.
Then, some questions pop up in investors' minds: Why? Who is the winner of the deal? What about the dividend sustainability?
I will try weighing the pros and the cons of the deal, from Gjensidige's perspective.