Sampo Oyj Class A

SAMPO: XHEL (FIN)
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€66.10JxhhlsSktfnqmm

Sampo: Completes Demerger of Mandatum

On Oct. 2, Sampo completed the demerger of its life insurance business, Mandatum, with Mandatum being admitted to the official list and Sampo shares now trading without ownership of Mandatum. Sampo shareholders have received one Mandatum share for every Sampo share that they held as at Sept. 29, 2023. This leaves Sampo as a business that is purely focused on property and casualty insurance and gives Mandatum, as well as Sampo, greater strategic and financial independence to pursue its own strategy. The demerger also reduces market risk exposure and earnings volatility for Sampo.

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