Solidium sells 2.3 pct of Sampo for $618 mln
HELSINKI Feb 25 (Reuters) - Finland's state investment fund Solidium said on Tuesday it had sold 2.3 percent of shares in Sampo for 35.65 euros per share, pushing the stock down.
Solidium, which now owns 11.9 percent of the Finnish insurance and investment group, said it had raised 450 million euros ($618 million) from the sale, which was aimed at strengthening the state budget.
Solidium said it also received proceeds of 350 million euros from offering bonds exchangeable for Sampo shares.
Sampo shares fell 3 percent to 35.61 euros in early Helsinki trade.
- Rescuers scour sea for Malaysian jet lost in 'unprecedented mystery' |
- The search for missing Malaysian jet
- Mexico kills drug kingpin reported dead years ago: official
- Missing Malaysian jet may have disintegrated in mid-air: source |
- Exclusive: Malaysia plane probe narrows on mid-air disintegration - source