Aktia plc: Financial impact of the sale of Aktia Non-Life Insurance to Folksam and Veritas
Aktia plc: Financial impact of the sale of Aktia Non-Life Insurance to Folksam
Stock Exchange Release
10.5.2012 at 7.50 p.m.
Helsinki, Finland, 2012-05-10 06:50 CEST (GLOBE NEWSWIRE) --
Financial impact of the sale of Aktia Non-Life Insurance to Folksam and Veritas
On 29 February 2012 Aktia sold 51% of the shares of Aktia Non-Life Insurance to
Folksam General and 15% of the shares to Veritas Pension Insurance. Further,
Folksam has received an option to buy an additional 24% of the shares of Aktia
Non-Life Insurance in 3 years.
The transaction increases Aktia's equity by approximately EUR 4.1 million. As
the sale involved realisation of financial assets, the value increase of which
was included in the fund at fair value, the capital gain amounts to
approximately EUR 10.4 million. This had a positive impact on the result of the
first quarter of 2012.
The Finnish Financial Supervisory Authority has approved Folksam and Veritas as
new owners of the non-life insurance company.
For more information, please contact:
Stefan Björkman, Deputy Managing Director, CFO, tel. +358 10 247 6595
Anna Gabrán, Investor Relations Manager, tel. +358 10 247 6501, +358 40 708 1807
NASDAQ OMX Helsinki Ltd
Aktia Group provides a broad range of products within banking, insurance and
real estate agency. Aktia operates mainly in coastal areas and inland growth
areas. Aktia has about 400,000 customers who are served by nearly 1,400
employees at 70 branch offices and via Internet and telephone services. Aktia's
shares are listed on the list of NASDAQ OMX Helsinki Ltd. For more information
about Aktia see www.aktia.fi