Partial demerger

The demerger did not require any action from Sampo shareholders. The last day to buy Sampo shares for a shareholder to be entitled to receive Mandatum shares as a demerger consideration was 29 September 2023.

The first trading day for Mandatum on Nasdaq Helsinki was 2 October 2023. 

Questions and answers regarding the demergerinternal link

For Stockholm-listed Sampo SDR holders, please see the section “Information for SDR holders” on this page.

The acquisition cost of Sampo and Mandatum shares under the Finnish taxation

The Finnish Tax Administration has on 28 November 2023 published instructions for determining the acquisition cost of Sampo and Mandatum shares after the partial demerger. As a result, Sampo’s acquisition cost is 91.66 per cent and Mandatum’s 8.34 per cent of the original acquisition cost prior to the partial demerger. 

Example: If a shareholder acquired a Sampo share at cost of EUR 40.00 prior to the demerger, the acquisition cost would be EUR 36.66 for Sampo share and EUR 3.34 for Mandatum share. 

Please note that this applies only to shareholders who are generally liable to tax in Finland. Other shareholders should contact the Finnish Tax Administration or their local tax authorities for detailed tax advice.