If P&C to take over Tryg's Finnish business
(Thomson Reuters ONE) -
SAMPO PLC STOCK EXCHANGE RELEASE 6 November 2012 at 8.02 am
If P&C to take over Tryg's Finnish business
If P&C Insurance Company Ltd (Finland), a company belonging to Sampo Group, has
today signed an agreement to acquire the P&C insurance business of the Finnish
branch of Tryg A/S for a consideration of EUR 15 million. Tryg's branch had a
premium income of EUR 84 million in 2011, approximately 155,000 customers and a
market share of approximately two per cent. Tryg's approximately 200 employees
in Finland will be transferred to If.
The acquisition is expected to have a minor positive impact on If P&C's result
in medium term. The deal is subject to approval by the authorities and is
expected to be completed during the spring of 2013.
If P&C and Nordea have signed a partnership agreement whereby Nordea will market
If P&C's products in Finland, Sweden, Estonia, Latvia and Lithuania. The
partnership will begin no later than 1 July 2013.
SAMPO PLC
For more information, please contact:
Jarmo Salonen
Head of Investor Relations and Group Communications
tel. +358 10 516 0030
Maria Silander
Press Officer
tel. +358 10 516 0031
Ricard Wennerklint
Deputy CEO of If P&C
tel. +46 8 792 8022
Paula Salonen
Senior Vice President, Business Area Private, If P&C Insurance Company Ltd
(Finland)
tel.+358 10 514 4280
Distribution:
NASDAQ OMX Helsinki
The principal media
Financial Supervisory Authority
www.sampo.com
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Sampo Oyj via Thomson Reuters ONE
[HUG#1655253]
Unternehmensinformation / Kurzprofil:
Datum: 06.11.2012 - 07:04 Uhr
Sprache: Deutsch
News-ID 199792
Anzahl Zeichen: 2313
contact information:
Town:
Helsinki
Kategorie:
Business News
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