SAMPO PLC STOCK EXCHANGE RELEASE 2 October 2017 at 9:59
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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.
Investor Relations and Group Communications
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Source: Sampo Oyj via Globenewswire
(END) Dow Jones Newswires
October 02, 2017 03:14 ET (07:14 GMT)