Bank of America books paper loss on Sampo block
Bank of America made a paper loss on a €455.4m block trade of shares in Sampo, the Finnish financial services group, on Tuesday night.
Launched after the market close, following a risk auction, the deal comprised 11m shares, a 2% stake, sold by Solidium, the Finnish state owned investment company.Solidium said in a press release on Wednesday morning that its proceeds were €458m. This would suggest that Sodium was paid ...
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