Disposal
22 Junho 2005 - 9:03AM
UK Regulatory
SAMPO PLC STOCK EXCHANGE RELEASE
22 June 2005 at 13:55
SAMPO SELLS ITS BUSINESSES IN POLAND
Sampo plc has today entered into a binding agreement to sell its
subsidiaries in Poland - pension company Sampo PTE S.A. and life
insurance company Sampo T.U. Zycie S.A. - to Nordea Life Holding A/S.
The consideration is EUR 95 million, of which Sampo will book EUR 25
million as profit on disposal. Sampo wrote off the majority of the
goodwill in the two companies in 2002, and this has influenced the
level of profit on disposal.
The transaction is conditional on the receipt of the necessary
official permits. Sampo has been advised by HSBC in matters relating
to the disposal.
SAMPO PLC
Hannu Vuola
Head of Group Communications
Tel. +358 10 516 0040
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
Hannu Vuola, Head of Group Communications,
tel. +358 10 516 0040 or +358 50 424 0040
Peter Johansson, CFO, tel. +358 10 516 0010
DISTRIBUTION:
Helsinki Stock Exchange
The principal media
Financial Supervision
www.sampo.com
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Copyright � Hugin ASA 2005. All rights reserved.
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