Swedish firm readies record private equity portfolio sale

Insurance group's planned divestment would be one of Europe's biggest

Swedish insurance group Länsförsäkringar is in the process of selling a €1.5bn portfolio of private equity interests, which would be one of the largest divestments by a European institution.

Länsförsäkringar is in final negotiations with prospective bidders, but sovereign wealth fund the Abu Dhabi Investment Council is in pole position to buy 90% of the portfolio, according to three people familiar with the situation.

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