Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sampo Oyj M&A Activity 2017

Oct 2, 2017

3237_rns_2017-10-02_75d3d2af-4c6a-4186-b25a-cccb19718423.html

M&A Activity

Open in viewer

Opens in your device viewer

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

[]