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Monday, 2 October 2017

Sampo Oyj (FI) - Sampo plc will buy a stake in Saxo Bank

Sampo Oyj    

Published: 08:59 CEST 02-10-2017 /GlobeNewswire /Source: Sampo Oyj / : SAMPO /ISIN: FI0009003305

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





This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Sampo Oyj, Fabianinkatu 27, Helsinki 00100, Finland
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