SAMPO PLC STOCK EXCHANGE ANNOUNCEMENT 14 March 2008 at 9:10 am
SAMPO´S P&C INSURANCE SUBSIDIARY IF ACQUIRES A RUSSIAN INSURER
Sampo's P&C insurance subsidiary If has signed an agreement to acquire SOAO
Region, a Russian insurance company. SOAO Region's main focus is motor insurance
with approximately EUR 23.7 million of premium income. The acquisition price
will be within the normal valuation range for similar transactions in the
insurance industry and the goodwill from the transaction will be insignificant
in relation to If's annual profits.
The acquisition is conditional upon the approval of the Russian Insurance
Regulatory and the Russian Anti-Monopoly authorities.
SAMPO PLC
Maria Silander
Press Officer
tel. +358 10 516 0030
For additional information, please contact:
Timo Vuorinen
Head of BA Baltic and Russia
tel. +358 10 514 3887
Distribution:
Helsinki Stock Exchange
The principal media
Financial Supervision
Insurance Supervisory Authority
www.sampo.com