Finnish State to sell 40 mln Sampo shares, retain 14% stake
Today, the Finnish State announced its intention to sell 40 million ordinary shares of Sampo representing approximately 7% of the outstanding share capital of the company (the ``Offering''). Following the Offering, the Finnish State will own approximately 14% of Sampo's capital and will be subject to a lock-up for 90 days.
The Offering comprises an international private placement to institutional investors outside the United States under Regulation S (as defined in the U.S. Securities Act of 1933, as amended (the ``Securities Act'')) and to qualified institutional buyers (as defined in Rule 144A under the``Securities Act'') in the United States.
Pricing of the Offering is expected to take place no later than the close of business today. Goldman Sachs International is acting as Sole Bookrunner on the Offering.
Additional information can be provided by the Finance Ministry through Jarmo Väisänen, phone. +358 (9) 160 34950
The information contained herein is not for release, publication, or distribution, directly or indirectly, in or into the United States of America. The material set forth herein is for informational purposes only and is not intended, and should not be construed, as an offer of securities for saleinto the United States. The securities described herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or the laws of any state, and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state laws. There is no intention to register any portion of the Offering in the United States or to conduct a public offering of securities in the United States. The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities law of any such jurisdiction.