Sampo plc initiates a directed share issue to acquire Topdanmark, extends share buyback to EUR 475M.

Sampo plc, a Finnish financial group, has initiated a directed share issue of 48,198,710 new A shares to Topdanmark shareholders to facilitate its acquisition of the company. The subscription price is EUR 41.50 per share. Additionally, Sampo has increased its share buyback program to EUR 475 million, extending it until November 30, 2024. This strategy aims to enhance capital efficiency while integrating Topdanmark’s operations into Sampo's Nordic business model.

September 16, 2024
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