Sampo finalises the sale of its Saxo Bank stake to Mandatum
May 08 2024 - 4:30AM
Sampo finalises the sale of its Saxo Bank stake to Mandatum
SAMPO
PLC STOCK
EXCHANGE RELEASE 8
May 2024 at 11:30 am
Sampo finalises the sale of its Saxo Bank stake to
Mandatum
Sampo has today finalised the arrangements related to the sale
of its 19.8% stake in Saxo Bank to Mandatum, as agreed in
connection with the partial demerger completed in 2023. The
transaction price has been set to EUR 302 million, representing the
price agreed in the demerger adjusted for dividends received.
Mandatum has opted to settle the transaction in cash rather than to
utilise the vendor loan of EUR 280 million offered by Sampo.
The transaction will be completed on 13 May 2024. The sale
received final regulatory approvals on 3 May 2024.
SAMPO PLC Investors Relations and Group Communication
For further information, please contact:Sami
TaipalusHead of Investor Relationstel. +358 10 516 0030
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