Cancellation of Merger of Pohjola Insurance Ltd and Pohjantähti Mutual Insurance Company
(Thomson Reuters ONE) -
Pohjola Bank plc
COMPANY RELEASE, Release Category: Company Announcement
8 December 2010, at 20.20 hrs
Cancellation of Merger of Pohjola Insurance Ltd and Pohjantähti Mutual Insurance
Company
The merger of Pohjola Insurance Ltd and Pohjantähti Mutual Insurance Company has
been cancelled as a result of the rejection of the merger plan by Pohjantähti's
Extraordinary General Meeting on 8 December 2010. A two-thirds vote in favour of
the plan was required for the adoption. The merger plan was seconded by 32 per
cent of the votes. The merger plan prepared by both companies' Board of
Directors was announced on 29 September 2010.
Since the planned merger was not supported by the required qualified majority at
the meeting, the merger has been cancelled. The parties have not agreed on any
further merger negotiations.
Pohjola Bank plc
Carina Geber-Teir
Chief Communications Officer
For more information, please contact:
Jouko Pölönen, CFO, tel. +358 (0)50 350 8226
Tarja Ollilainen, SVP, Investor Relations, tel. +358 (0)50 301 8820
Communications Manager Silja Nikkanen tel. +358 (0)50 352 1341
DISTRIBUTION
NASDAQ OMX Helsinki
London Stock Exchange
Major media
pohjola.fi, op.fi
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(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: Pohjola Pankki Oyj via Thomson Reuters ONE
[HUG#1470535]
Unternehmensinformation / Kurzprofil:
Datum: 08.12.2010 - 19:21 Uhr
Sprache: Deutsch
News-ID 49545
Anzahl Zeichen: 1998
contact information:
Town:
POHJOLA
Kategorie:
Business News
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"Cancellation of Merger of Pohjola Insurance Ltd and Pohjantähti Mutual Insurance Company"
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