Sampo May Consider Selling Nordea Stake Within Two Years: DI
(Bloomberg) —
![a sign on the side of a building: The Nordea Bank Abp logo stands on top of a building in Helsinki, Finland, on Thursday, Feb. 6, 2020. Finnish household debt has doubled in the past two decades against a backdrop of falling interest rates and the gradual obsolescence of cash as a form of payment.](https://www.msn.com/{"default":{"load":"default","w":"80","h":"53","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/BB19GUim.img?h=533&w=799&m=6&q=60&o=f&l=f"},"size3column":{"load":"default","w":"62","h":"42","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/BB19GUim.img?h=416&w=624&m=6&q=60&o=f&l=f"},"size2column":{"load":"default","w":"62","h":"42","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/BB19GUim.img?h=416&w=624&m=6&q=60&o=f&l=f"}})
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The Nordea Bank Abp logo stands on top of a building in Helsinki, Finland, on Thursday, Feb. 6, 2020. Finnish household debt has doubled in the past two decades against a backdrop of falling interest rates and the gradual obsolescence of cash as a form of payment.
Nordea Bank Abp’s largest shareholder, Finnish investment company Sampo Oyj, may consider selling its stake in the bank in the coming years, Swedish daily Dagens Industri reported.
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Sampo is testing the water ahead of a potential sale, which could happen within the next two years, according to the report, which cited anonymous sources.
Sampo, which also owns the Sweden-based insurance company If, as well as almost half of Danish insurer Topdanmark A/S, holds 19.9% of Nordea’s outstanding shares. That makes it by far the largest shareholder in the bank, ahead of activist investor Cevian Capital, which has