Aktia plc: Financial impact of the sale of Aktia Non-Life Insurance to Folksam and Veritas

 

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.

 

AKTIA PLC

For more information, please contact:
Stefan Björkman, Deputy Managing Director, CFO, tel. +358 10 247 6595

From:
Anna Gabrán, Investor Relations Manager, tel. +358 10 247 6501, +358 40 708 1807

Distribution:
NASDAQ OMX Helsinki Ltd
Central media
www.aktia.fi

 

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

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