Sampo unlikely to be seeking Nordic banking fusion but may further increase stake in Swedbank (translated)
Sampo, the Finnish insurance concern, is unlikely to be driving for a Nordic banking fusion but may still increase its stake in Sweden's Swedbank, according to Taloussanomat.
The Finnish-language paper cited a Swedish Dagens Industri report that Sampo had increased its stake in Swedbank by acquiring over 11m shares in the last month alone. Talks about a fusion between the two financial giants emerge from time to time, the piece noted.
However, Sampo has said Swedbank is purely a financial investment for the bank. The analyst house Inderes also sees the stake increase as a financial investment, Taloussanomat said. However, the piece cited Sauli Vilen, an analyst from Inderes, who said that Sampo may still increase its stake in Swedbank. The last rumours of a merger between Sampo and Swedbank circulated around 2010, the piece reported
Taloussanomat