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Insurer Sampo trims Nordea stake to 19.87%

Finnish insurer Sampo Oyj has lowered its stake in Nordea Bank Abp to 19.87%, or 804,922,858 shares.

This comes after Sampo distributed 55,517,639 shares in Nordea as extra dividend. Sampo earlier announced the plan as part of its effort to bolster its solvency ratio, which took a hit after increased capital requirements for Nordea.

As of June 30, Sampo controlled 21.33% of Nordea, according to S&P Global Market Intelligence data.