You are using an old version of your web browser.

Please note that the website might not function correctly using an outdated browser. We recommend updating your browser or using another one.

This site uses cookies to offer you the best user experience. By continuing browsing this site you agree to the use of cookies. Alternatively you may change your browser settings. For further information, please read our Privacy Notice.

I agree

Sampo-Leonia´s acquisition of Mandatum approved by the Competition Authority


SAMPO-LEONIA'S ACQUISITION OF MANDATUM APPROVED BY THE COMPETITION AUTHORITY

The Finnish Competition Authority has today announced that it has approved Sampo-Leonia Insurance Company plc's acquisition of Mandatum Bank plc. The Competition Authority states in its decision that the acquisition will not generate or strengthen any such dominating market position as referred to in the Act on Competition Restrictions, which significantly would restrict the competition on the Finnish market or relevant parts thereof.

The Board of Directors of Sampo-Leonia and the Executive Board of Mandatum Bank announced on December 4, 2000 that they have approved the agreement on the combination of the companies' business operations. The acquisition will be implemented by an exchange offer of shares in accordance with the Combination Agreement.

SAMPO-LEONIA INSURANCE COMPANY PLC

Pertti Nurvala,
Vice President, Information
Tel. +358 10 514 4030, mobile +358 50 553 3484



FOR DISTRIBUTION TO:
Helsinki Exchanges
The principal media