(Adds Sampo comment, shares)
HELSINKI May 20 Finnish investment and
insurance group Sampo has increased its stake in
small Finnish bank Aktia to 6 percent, in what it
described as a financial investment.
Sampo, which also owns large stakes in Nordea, the
biggest bank in the Nordic region, as well as Danish insurer
Topdanmark, now holds about 6 percent of Aktia stock
and 0.9 percent of its voting rights, it said on Tuesday.
Sampo has no plans to take over the small bank, a company
"This is a pure financial investment," she said.
Sampo has been without a retail banking arm since it sold
Sampo Bank to Danske Bank in 2006.
Sampo bought 1.5 million Aktia shares in February and on
Tuesday added another 2.3 million to its holdings.
Aktia shares were up 2.6 percent to 9.13 euros by 1300 GMT,
and Sampo traded 0.9 percent higher at 36.23 euros.
In Tuesday's dealings, Life Annuity Institution Hereditas
cut its stake in Aktia to 3 percent of shares and 9.3 percent of
votes, while Svenska Litteratursallskapet i Finland lifted its
holding to 7.9 percent of stock and 4.6 percent of votes.
(Reporting by Jussi Rosendahl; Editing by Pravin Char and Mark