English | 简体中文 | 繁體中文 | 한국어
Share:
Mandatum Life and Danske Bank continue co-operation as agreed

SAMPO PLC   STOCK EXCHANGE RELEASE   19 June 2018 at 3:50 pm

Mandatum Life and Danske Bank continue co-operation as agreed

Mandatum Life Insurance Company Limited (Mandatum Life) disclosed on 24 April 2018 that Mandatum Life and Danske Bank have agreed to continue their co-operation regarding the distribution and management of insurance products and the cancellation of the earlier agreed transfer of the insurance portfolio distributed by Danske Bank. The agreed transaction was subject to confirmation of the tax treatment.

Mandatum Life received a negative pre-ruling on the tax treatment of the transaction on 29 May 2018. However, Mandatum Life and Danske Bank have today agreed to continue their co-operation as agreed.

The parties of the transaction will appeal against the pre-ruling. If the tax treatment remains negative, Mandatum Life's financial risk is EUR 13 million.

Danske Bank will pay the agreed transaction price of EUR 197 million by the end of June 2018.

SAMPO PLC

Anniina Nykänen
IR & Communications Specialist


Additional information:

Petri Niemisvirta
Managing Director, Mandatum Life
tel. +358 10 516 7200

Distribution:
Nasdaq Helsinki
London Stock Exchange
The principal media
Financial Supervisory Authority
www.sampo.com




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Sampo Oyj via Globenewswire

Copyright © Thomson Reuters 2018. All rights reserved.
Press Releases
CNH Industrial appoints new Chairman  
July 22, 2018 01:13 ET
CORRECTION: RAPALA VMC CORPORATION’S HALF YEAR REPORT H1/2018: SALES AND PROFITABILITY GREW FROM LAST YEAR – STRATEGY EXECUTION SHOWING RESULTS  
July 20, 2018 19:03 ET
Behind the Wheel: Precision Solutions and Telematics in Latin America  
July 20, 2018 18:33 ET
EnBW International Finance B.V.: Half-yearly report 2018  
July 20, 2018 18:24 ET
RAPALA VMC CORPORATION’S HALF YEAR REPORT H1/2018: SALES AND PROFITABILITY GREW FROM LAST YEAR – STRATEGY EXECUTION SHOWING RESULTS  
July 20, 2018 18:03 ET
Cargotec Corporation: SHARE REPURCHASE 20.7.2018  
July 20, 2018 17:57 ET
Hubbell Declares Regular Quarterly Dividend  
July 20, 2018 16:02 ET
CLX Communications AB (publ): Interim report, January - June 2018  
July 20, 2018 13:33 ET
CORRECTION: Huhtamäki Oyj's Half-yearly Report January 1-June 30, 2018: Good comparable net sales growth, negative currency impact  
July 20, 2018 13:25 ET
Quarterly ERI Scientific Beta smart beta index performance report  
July 20, 2018 12:57 ET
More News >>
Copyright © 2018 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 5791 1818

Connect With us: