2021-02-24 · Finnish financial group Sampo plc is continuing its transformation into a pure insurance group with an announcement that it will substantially cut its 15.9% stake in Nordea Bank.

Finland’s Sampo Steps Up Move to Become Pure Insurance Group, Cutting Nordea Stake February 24, 2021 cyketan insurance Finnish financial group Sampo plc is continuing its transformation into a pure insurance group with an announcement that it will substantially cut its 15.9% stake in Nordea Bank.

A 10-year chart is telling: the money was on the insurer. Whether it would have done even better without tying up resources in Nordea is Even if the company was to divest its Nordea stake completely, either as a result of a bankruptcy or a complete divestment of all shares, Sampo would have a solvency ratio of ~120%. Bloomberg - The largest owner of Nordea Bank Abp said it plans to offload much of its roughly 16% stake in the Nordic region’s biggest bank after pressure from … Elliott calls upon Sampo to fully exit its Nordea stake by Q4 2021 and create EUR 8 billion of value for Sampo shareholders. February 24 CMD is Sampo’s chance to reset its equity story and We use cookies for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used. Elliott said Sampo's share price has suffered due to weak share price performance of Nordea, and has in turn caused a substantial de-rating of Sampo's insurance assets. Elliott Capital Advisors has welcomed a decision by Sampo to sell down its stake in Nordea, which it said could turn the firm into a pure-play insurance champion and unlock 7 billion euros ($8.3 billion) in value.

The offering, which represents 4% of the outstanding shares in Nordea, reduces Sampo's ownership in the bank to 15.9%. Nordea Bank Abp’s largest shareholder, Finnish investment company Sampo Oyj, may consider selling its stake in the bank in the coming years, Swedish daily Dagens Industri reported. Sampo is testing the water ahead of a potential sale, which could happen within the next two years, according to the report, which cited anonymous sources. Sampo, which also owns the Sweden-based insurance company If, as well as almost half of Danish insurer Topdanmark A/S, holds 19.9% of Nordea’s outstanding shares. That makes it by far the largest shareholder in the bank, ahead of activist investor Cevian Capital, which has built a 4.4% stake since making its first purchases late 2018.

Sampo plans to reduce ownership in Nordea in line with its strategy Sampo Group's recommended cash acquisition of a majority stake in Hastings Group

Cevian Capital. 6 Oct 2020 Sampo is the largest shareholder in the bank, followed by activist investor Cevian Capital, which owns a 4.4% stake in the bank. Cevian Capital 2 Feb 2021 The Company's Nordea stake is widely acknowledged to have become a significant distraction and a sustained drag on valuation for Sampo.

2020-11-11

28 sep. 2020 — ges även exponering mot bankaktier via exempelvis Sampo, Investor, Man kunde på aktieforum läsa om ”Inte nu igen Nordea” och ”Aktien ska ner i källaren på detta”. Fantastiskt försvar av vår stake som aktieägare. 12 feb. 2021 — Activist investor Elliott is pushing Finnish financial group Sampo to ditch its entire stake in the Nordic region's biggest bank Nordea and focus som spelar med rykten Case TCI ABN Amro Case Sampo Nordea Segment acting in concert Stakebuilding före takeover - För att undvika flaggningsplikt (5 Nordea. DNB. Axfood.

Cevian Capital began purchasing stakes in Nordea Bank since late 2018. Sampo has been spearheaded by executives with experience in the insurance sector after Torbjorn Magnusson was appointed as the company’s CEO, back in January 2020. Sampo gick in i Nordea 2007 och är i dag huvudägare i storbanken.
Granit jobba med oss

As it happens, owing to Nordea’s idiosyncrasies as befits a bank, the two shares are following rather diverging trajectories. A 10-year chart is telling: the money was on the insurer.

2020 — ges även exponering mot bankaktier via exempelvis Sampo, Investor, Man kunde på aktieforum läsa om ”Inte nu igen Nordea” och ”Aktien ska ner i källaren på detta”.
Vinstplan lotteri

(Bloomberg) -- Nordea Bank Abp’s largest shareholder, Finnish investment company Sampo Oyj, may consider selling its stake in the bank in the coming years, Swedish daily Dagens Industri reported.

Tue, 2nd Feb 2021 07:22. Feb 2 (Reuters) - Finnish financial group Sampo should sell all its shares in Nordea by the end of The sale of Nordea shares in November 2020, which reduced Sampo’s stake by 4 percentage points to 15.87 per cent, represented another important step in Sampo’s strategy to focus more on P&C insurance.

As a reminder, the Nordea stake accounts for c. 30% of Sampo’s gross assets. As it happens, owing to Nordea’s idiosyncrasies as befits a bank, the two shares are following rather diverging trajectories. A 10-year chart is telling: the money was on the insurer. Whether it would have done even better without tying up resources in Nordea is

2mos ago Hedge Fund opalesque Views: 34. Activist hedge funds fight for spots on Sweden to Sell Part of Nordea Stake. Sampo-Rosenlew began the serial production of harvesters already in The SR harvester, designed 2 Feb 2021 Simplify the Portfolio: Sampo should announce that it plans to become a pure- play insurer by Q4 2021. The Company's Nordea stake is widely 24 Feb 2021 Sampo aims to deliver high quality earnings and attractive dividends Sampo expect to materially reduce its Nordea stake within 18 months. News for Sampo Oyj Series A. Friday, February 04, 2011. 09:30 AM ET. Sweden Sells $2.9 Billion Nordea Stake The Wall Street Journal Interactive Edition.

Sampo Oyj, may consider selling its stake in the bank in the coming years, Swedish daily Dagens Industri reported. Sampo is testing the water ahead of a potential sale, which could happen within the next two years, according to the report, which cited anonymous sources. 2021-02-11 · Finnish financial group Sampo reported on Thursday a loss for the fourth quarter as it booked a 899 million euro ($1.09 billion) impairment charge due to a revaluation of its shares in lender Nordea. Sampo Group is made up of the parent company Sampo plc and its subsidiaries, If P&C, Mandatum, Hastings and Topdanmark. The sale of Sampo’s remaining €5.5bn ($6.5bn) stake in banking group Nordea will lead to a relatively quick return of cash to shareholders through special dividends and help alleviate mounting pressure from activist investors, according to Berenberg analysts. 2021-02-24 · Sampo’s exit from Nordea has been on the cards since November, when it sold about 4% of the bank at a loss relative to the market price, and follows years of underperformance. Sampo has faced intense pressure to dump the entire remaining stake, most recently from activist investor Elliott Management Corp.