SAMPO PLC STOCK EXCHANGE RELEASE 14 September 2018 at 11:00 am
Sampo completes Saxo Bank deal
Sampo announced on 2 October 2017 that it will buy 19.9 per cent of shares in Saxo Bank Group for EUR 265 million. At the same time, Geely Financials Denmark A/S, a subsidiary of Zhejiang Geely Holding Group Co., Ltd, announced that it will increase its stake to 51.5 per cent in Saxo.
The parties of the transaction have now received all the regulatory approvals required. Thus, the transaction will be completed as agreed. Co-founder and CEO of Saxo Group Kim Fournais' stake of 25.71 per cent remains unchanged.
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Source: Sampo Oyj via Globenewswire