The Finnish State raises 430 million euros from Sampo sale
The Finnish State (the "State") has today sold a total of 40 million shares in Sampo for total gross proceeds of 430 million euros before fees and commissions. The State's ownership interest in Sampo subsequent to the sale will amount to approximately 14 per cent. Goldman Sachs International acted as the sole bookrunner and lead manager of the Offering.
The shares were sold to international and Nordic institutional investors through an accelerated bookbuilt offering pursuant to Regulation S under the Securities Act of 1933, as amended (the "Securities Act"), outside the United States and pursuant to Rule 144A under the Securities Act in the United States.
As part of the secondary offering of 40 million shares in Sampo, the State has agreed not to sell any additional ordinary shares in Sampo for a period of 90 days without the prior consent of Goldman Sachs International.
Additional information can be provided by the Finance Ministry through director 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 sale into 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 registrationrequirements 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.