29 March 2029
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On 7 December 2022, the Board of Directors of Sampo plc announced a strategic review of Mandatum’s role within the Group. Following an assessment of options, the Board has resolved to propose a partial demerger of Sampo plc to separate Mandatum from the Sampo Group.
– The demerger would create a leading pure-play Nordic P&C insurer capable of delivering high and stable returns on capital, and an independent Mandatum. The demerger process, which is well established in Finland, provides a financially efficient means of delivering the separation in one step, says Björn Wahlroos, Chair of the Board.
– Mandatum is a major Finnish financial services provider with a strong brand that is well positioned to grow, both organically and via potential consolidation in the Finnish wealth and asset management space. However, with Sampo’s strategic focus firmly on P&C insurance, the Board sees limited room to commit to support this within the Group, says Wahlroos.
Source: Company’s Stock Exchange Release