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2009-04-08 14:00:00 CEST 2009-04-08 14:00:15 CEST REGULATED INFORMATION Aktia Pankki Oyj - Company AnnouncementAktia Bank plc sells Aktia Life Insurance Ltd to Aktia plcNot for release or distribution in the United States, Australia, Canada or Japan Aktia Bank plc sells Aktia Life Insurance Ltd to Aktia plc Aktia Bank plc sells its shares in Aktia Life Insurance Ltd to the Group's parent company Aktia plc providing that right of ownership, right of possession and all other administrative rights are transferred when the acquisition has been cleared by the Financial Supervisory Authority. The transaction does not influence business operations in the companies. The transaction is paid in cash. The price of the transaction corresponds to the life insurance company's book net asset value EUR 45.5 million as of 28 February 2009, thus having no impact on the result of the Aktia Bank Group. However, the capital adequacy ratio of Aktia Bank Group is improved marginally. The assets of Aktia Life Insurance Ltd as per 31 December 2008 amounted to EUR 846.6 million. AKTIA BANK PLC For more information, please contact: CFO Stefan Björkman, tel. +358 10 247 6595 From: Malin Pettersson, Head of Communications, tel. +358 10 247 6369 Distribution: Nasdaq OMX Helsinki Ltd Central media www.aktia.com |
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