Pēd. atjaunots: 23.11.2024 04:18 (GMT+2)

Hansapank: Disposal of shareholding in subsidiary

30.04.1999, Hansapank, TLN
AS HANSAPANK
ANNOUNCEMENT
30.04.99

HANSABANK WILL SELL EESTI KINDLUSTUS

Today Hansapank and the subsidiary of the Finnish Insurance Group
Sampo, Sampo Enterprise Insurance Company Ltd., signed a share-
purchase agreement of AS Eesti Kindlustus. Although the negotiations
were halted in February this year, they were restarted and the
parties involved reached an agreement whereby Hansapank sells 100%
of the shares of Eesti Kindlustus to Sampo. The sales price of the
shares is EEK 165 million, however the transaction does not have a
significant influence on Hansapank’s financial results.

Last year Hansapank’s board defined in its strategies p&c insurance
as a financial investment and life-insurance as a strategic
investment. As a result of this transaction Hansapank will exit from
p&c insurance thereby completing the restructuring of its insurance
activities.

Additional information:
Erkki Raasuke, CFO
Hansapank
Tel: +372 613 1221

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