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Sampo Oyj — M&A Activity 2017
Oct 2, 2017
3237_rns_2017-10-02_75d3d2af-4c6a-4186-b25a-cccb19718423.html
M&A Activity
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Sampo plc will buy a stake in Saxo Bank
Sampo plc will buy a stake in Saxo Bank
SAMPO PLC STOCK EXCHANGE RELEASE 2 October 2017 at 9:59 am
Sampo plc will buy a stake in Saxo Bank
Sampo plc will buy 19.9 per cent of shares in Saxo Bank Group for EUR 265
million. Saxo Bank Group is a leading multi-asset trading and investment
specialist headquartered in Denmark, offering a complete set of services
relating to trading and investment technologies.
Geely Financials Denmark A/S, a subsidiary of Zhejiang Geely Holding Group Co.,
Ltd, will increase its stake and become majority shareholder with a total of
51.5 percent. Co-founder and CEO of Saxo Group Kim Fournais' stake of 25.71 per
cent remains unchanged.
The transactions are pending regulatory approvals and are expected to be
finalised during the next six months.
SAMPO PLC
Investor Relations and Group Communications
Distribution:
Nasdaq Helsinki
London Stock Exchange
The principal media
Financial Supervisory Authority
www.sampo.com
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