Sampo Oyj — M&A Activity 2019

Nov 28, 2019

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

SAMPO PLC                 INSIDE INFORMATION  28 November 2019 at 9:30 am

If acquires roadside assistance company Viking

If P&C Insurance Holding Ltd (publ) has today signed an agreement to buy Viking Redningstjeneste TOPCO A/S. The acquisition price for 100 per cent ownership is EUR 32 million (NOK 325 million) which is paid in cash. The enterprise value is EUR 114 million.

Viking is a Nordic roadside assistance company headquartered in Norway. It serves its customers through an extensive nationwide network of stations in Norway, Sweden, Denmark and Finland. The acquisition of Viking will strengthen If’s offering towards its partners and further improve If’s position as the leading Nordic insurance and service provider within the mobility area.

The transaction is subject to approval by competition authorities in Norway and Sweden and is expected to be finalized in early 2020.

SAMPO PLC

Maria Silander

Communications Manager, Media Relations

tel. +358 10 516 0031

Further information:

Måns Edsman

CFO

If P&C Insurance Holding Ltd (publ)

tel. +46 10 603 7174

Mirko Hurmerinta

IR & Communications Specialist

Sampo plc

tel. +358 10 516 0032

Distribution:

Nasdaq Helsinki

London Stock Exchange

The principal media

Financial Supervisory Authority

www.sampo.com