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Sampo Group has received all regulatory approvals for its Hastings deal
Sampo announced on 5 August 2020 that Sampo and Rand Merchant Investment Holdings (RMI) have made a recommended cash offer, through a jointly owned company, to acquire all issued and to be issued shares in Hastings Group Holdings Plc not already owned or controlled by Sampo and RMI.
The offer is subject to conditions set out in Part III of the Scheme Document, including the receipt of certain regulatory and antitrust approvals. All of the conditions relating to regulatory and antitrust approvals have now been satisfied.
The Scheme will be effective following completion of the Court Hearing procedure, which is anticipated to be held on 13 November 2020.
More information on the schedule is available at www.hastingsplc.com.
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