Finance
Finland’s Sampo Secures Deal for Danish Insurer Topdanmark
- Finnish insurer already sought to buy Topdanmark in 2016
- Move caps near-term acquisitions, CEO Magnusson says
Sampo Oyj headquarters in Helsinki, Finland.
Photographer: Roni Rekomaa/BloombergThis article is for subscribers only.
Finland’s Sampo Oyj succeeded in pushing through an offer for Topdanmark A/S in its second attempt to gain control of the Danish insurer, in what may be its last acquisition in the near future.
The Finnish insurance company raised its holding in Topdanmark to about 92.6% of shares, based on a preliminary result, and will complete the offer, according to a statement on Tuesday. The plan is to buy out remaining minority shareholders and delist Topdanmark in due course, the Helsinki-based company said.