Brief: Mandatum Holding Merges Into Mandatum

Mandatum Oyj

11/12/2023 11:16

Dec 11 (Reuters) - Mandatum Oyj  MANTA.HE :
    * MANDATUM HOLDING LTD MERGES INTO MANDATUM PLC
    * MANDATUM PLC HAS DECIDED TO MERGE ITS WHOLLY-OWNED
SUBSIDIARY
MANDATUM HOLDING LTD INTO MANDATUM PLC AS SUBSIDIARY MERGER IN
ACCORDANCE WITH FINNISH COMPANIES ACT
    * NO CONSIDERATION WILL BE PAID IN MERGER
    * BACKGROUND TO MERGER IS MANDATUM'S SEPARATION FROM SAMPO
PLC IN
A PARTIAL DEMERGER AND ITS PURPOSE IS TO SIMPLIFY MANDATUM'S
GROUP STRUCTURE
    * MERGER HAS NO IMPACT ON MANDATUM GROUP'S BUSINESS
OPERATIONS
    * EFFECTIVE DATE OF MERGER IS EXPECTED TO BE 30 APRIL 2024
    * COMPLETION OF MERGER IS SUBJECT TO APPROVAL OF LUXEMBOURG
FINANCIAL SUPERVISORY AUTHORITY (CSSF)

Source text for Eikon:  ID:nWkrc00rB4 
Further company coverage:  MANTA.HE 

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