Mandatum plc, Stock exchange release, 11 December 2023 at 1:05 p.m. EET
Mandatum plc has decided to merge its wholly-owned subsidiary Mandatum Holding Ltd into Mandatum plc as a subsidiary merger in accordance with the Finnish Companies Act. No consideration will be paid in the merger. The background to the merger is Mandatum's separation from Sampo plc in a partial demerger and its purpose is to simplify Mandatum's Group structure. The merger has no impact on Mandatum Group's business operations.
The Boards of Directors of Mandatum plc and Mandatum Holding Ltd have approved the merger on 11 December 2023. The effective date of the merger is expected to be 30 April 2024. The completion of the merger is subject to the approval of the Luxembourg Financial Supervisory Authority (CSSF).
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Mandatum in brief
Mandatum is a major financial services provider that combines expertise in money and life. Mandatum offers customers a wide array of services covering asset and wealth management, savings and investment, compensation and rewards, pension plans and personal risk insurance. Mandatum offers services to corporate customers, retail customers as well as institutional and wealth management customers. At the center of Mandatum's success are highly skilled personnel, strong brand, and investment track record. mandatum.fi/group
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