Mandatum plc has received the necessary regulatory approvals to implement the Saxo transaction

Press releases 7.5.2024 at 09:55 AM EEST

Mandatum plc, press release, May 7, 2024 at 9:55 a.m. EEST

Mandatum plc and Sampo plc agreed in connection with the partial demerger that Mandatum will purchase Sampo’s shares in Saxo Bank A/S. These shares represent 19.83 percent of all Saxo Bank’s shares.

The transaction was conditional on customary consents and regulatory approvals for the transaction.

Mandatum received all the necessary regulatory approvals to purchase Sampo’s holdings in Saxo Bank A/S. The transaction is expected to be completed by May 15, 2024.


Additional information

Media enquiries:

Niina Riihelä

SVP, Communications, brand and sustainability

Tel. +358 40 728 1548

niina.riihela(a)mandatum.fi

 

Investor enquiries:

Lotta Borgström

VP, Investor Relations

Tel. +358 50 022 1027

lotta.borgstrom(a)mandatum.fi

 

Mandatum in brief

Mandatum is a major financial services provider that combines expertise in in wealth management and life insurance. 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/en/group