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
Vice President, Information
Tel. +358 10 514 4030, mobile +358 50 553 3484
FOR DISTRIBUTION TO:
The principal media