Aktia Plc: The sale of Aktia Non-Life Insurance to Folksam and Veritas has been confirmed

 

 

The sale of Aktia Non-Life Insurance to Folksam and Veritas has been confirmed

On 29 February 2012 Aktia sold 51% of the shares in 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 in Aktia Non-Life Insurance in 3 years.

Aktia continues to sell non-life insurance under the Aktia label and pension insurance under the Veritas label as part of the company's customer solutions. Folksam is the main owner of the non-life insurance company, conducting insurance production.

The financial effects for Aktia Group of the transaction will be published during March when the balance sheet of Aktia Non-life insurance Ltd for the time of transfer has been accepted.

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:
Jussi Laitinen, CEO, tel. +358 10 247 6250
Stefan Björkman, Deputy Managing Director, CFO, tel. +358 10 247 6595

Media contacts:
Göran Stenberg, Head of Communications, tel. +358 10 247 6590

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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