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Why invest in Sampo?
IR Blog provides information about Sampo as an investment case and the Group's businesses and markets.
In this blog entry we address the questions regarding the sale of Sampo’s entire holding in Nordea announced today.
The strong market demand offered us an opportunity to reduce our holding to zero, which is in line with our P&C focused strategy.
Yes. Around 19 million shares were sold in the open market in Q1 and 27 million in April.
The current programme of EUR 250 million launched in March is still ongoing and will end by latest 17 May 2022. Details of the new programme will be announced after the current programme is completed.
The positive effect from selling the entire stake, including previous sales in 2022, will be around 30 percentage points on the Group’s Solvency II ratio.
The effect will not be material, however slightly positive.
No, we don’t need the money for deleveraging. Funds for that purpose had already been secured with the Nordea disposals in 2021.
Investor Relations Manager, Sampo plc