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Name | Symbol | Market | Type |
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Citi Fun 26 | LSE:AS60 | London | Medium Term Loan |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
SAMPO PLC STOCK EXCHANGE ANNOUNCEMENT 28 April 2006 at 10:00 Sampo Bank acquires Profibank in st. Petersburg, Russia Sampo plc's fully-owned subsidiary Sampo Bank plc has signed an agreement to acquire Industry and Finance Bank (Profibank), a Russian bank based in St. Petersburg. On 31 March 2006 Profibank's total assets amounted to RURm 41 (EURm 1.2) and its equity totalled RURm 15 (EURm 0.4). The bank possesses all relevant banking licenses, including the license to attract deposits from individuals. The bank also participates in the Deposit Insurance System. After having built up and strengthened the current operations of Profibank, Sampo Bank intends to offer retail banking services starting in the St. Petersburg region. Corporate services will be focused on Finnish and Nordic customers of Sampo that are operating in Russia. The closing of the transaction is subject to receiving necessary authority approvals. SAMPO PLC Further information: Mika Ihamuotila President of Sampo Bank plc Tel. +358 10 516 00 06 Hannu Vuola Head of Group Communications, Sampo plc Tel. +358 10 516 00 40 Distribution: Helsinki Stock Exchange Main news media www.sampo.com Financial Supervision - ---END OF MESSAGE--- Copyright © Hugin ASA 2006. All rights reserved.
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