Sampo plc: Result of Sampo s sale of Nordea shares
SAMPO PLC INSIDE INFORMATION 26 May 2021 at 8:25 am
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Result of Sampo s sale of Nordea shares
As announced on 25 May 2021, Sampo has sold 162 million Nordea shares to institutional investors.
The transaction price was EUR 8.50 per share, resulting in gross proceeds of EUR 1,377 million. Sampo makes a sales gain of approximately EUR 93 million, including recycling of previously recognized other comprehensive items of approximately EUR -30 million, from the transaction. The sales gain will be treated as an extraordinary item.
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SAMPO PLC INSIDE INFORMATION 25 May 2021 at 7:27 pm
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Sampo continues to reduce its holding in Nordea in line with its strategic focus
Sampo has today announced a sale of a maximum of 162 million Nordea shares to institutional investors. The sale represents at most 4.0 per cent of the outstanding shares in Nordea and would reduce Sampo’s ownership in Nordea to 11.9 per cent.
The planned disposal represents a further step in Sampo Group’s stated strategy of focusing on P&C insurance operations.