Sampo starts disposal of Nordea stake following activist pressure

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Sampo starts disposal of Nordea stake following activist pressure

Aidan Gregory
November 11, 2020 09:00 AM
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STOCKHOLM 2017-10-26 Nordea bank headoffice during the presentation of the financial report at the banks head office in Stockholm Sweden on Thursday. Nordea is cutting 6 000 jobs world wide. Foto: Jessica Gow / TT kod 10070 | Jessica Gow/TT/TT News Agency/PA Images

Finnish financial services group Sampo has begun cutting its stake in Nordea, one of the Nordic region’s biggest banks, following pressure from Elliott International, the activist hedge fund, to simplify its business.

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