Skip to main content

Inside information: Sampo announces strategic review of Mandatum

Written by Customer Service on . Posted in Public Companies.

SAMPO PLC                        INSIDE INFORMATION          7 December 2022 at 9:45 am EET

Inside information: Sampo announces strategic review of Mandatum

In line with its strategic focus on P&C insurance, the Board of Directors of Sampo plc has taken several steps in recent years to simplify Sampo Group, with the largest being the exit from Nordea. Building on this, the Board has decided to undertake a strategic review of Mandatum.

The review will explore a broad range of options, including whether a separation of Mandatum from the rest of the Group, for example through a partial demerger and listing, could be in the best interest of Sampo’s shareholders. The Group will provide an update on the review in connection with the publication of the full-year 2022 results on 10 February 2023.

– The Board is content with Sampo’s current structure, which offers diversification and attractive cash flow. The strategic review will assess potential benefits in further focusing the Group on its unique P&C operations, by allowing investors to own these directly and providing Mandatum with greater strategic flexibility. The Board will only recommend changes to the structure if clear visibility on shareholder value creation can be attained, says Björn Wahlroos, Chair of the Board.

In the event that the Board opts to recommend the partial demerger option as a means to separate Mandatum from the Group, the proposal would be subject to approval from a General Meeting of Sampo plc.

SAMPO PLC
Investor Relations and Group Communications

For further information, please contact:

Sami Taipalus
Head of IR
tel. +358 10 516 0030

Mandatum in brief

Mandatum offers private and corporate customers services in wealth management, asset management, rewards and personal insurance. Mandatum’s main area of operation is Finland, where the company has 300,000 private customers and 20,000 corporate customers. Mandatum has approximately 580 employees and is a wholly owned subsidiary of Sampo plc.

Distribution:
Nasdaq Helsinki
Nasdaq Stockholm
London Stock Exchange
The principal media
FIN-FSA
www.sampo.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.