2 October 2023
Sampo Group announced on October 1st, 2023, that it completed spin-off of Mandatum.
Sampo shareholders will receive one new share in Mandatum plc for each existing series A or series B share in Sampo plc.
Trading in shares of Mandatum plc is expected to begin on Nasdaq Helsinki on October 2nd, 2023.
Sampo will become a pure P&C insurance group.
Mandatum is a major financial service provider that combines expertise in money and life. Mandatum offers customers a wide array of services covering asset and wealth management, savings and investment, compensation and rewards, pension plans and personal risk insurance. Mandatum offers services to corporate clients, private customers and institutional and wealth management customers.
Etalon Capital, Inc. provides independent research with a focus on event-driven value equities to institutional investors. Events include M&As, spin-offs, activist investors, IPOs, SPACs, buybacks, recapitalizations, asset sales, hedge fund holdings, and other significant corporate transactions. These are diversified by sources of risk as well as risk/return profiles. We generate an edge with a unique research process, combining value, focus on corporate events, and story investing principles.