The donation is part of the Wahlroos family’s inheritance division, whereby ownership will gradually pass to the Wahlroos’ two children and their children.
Financial Group Sampo’s chairman of the board Björn Wahlroos has continued to trim its Sampo holdings as part of a long inheritance process.
Sampo announced on Monday that Wahlroos has made a transaction for 570,000 shares on Tuesday, September 27.
Sammo confirms to HS that it is about the ownership arrangements of the Wahlroos family. In last week’s arrangement, Wahlroos donated shares to his children.
At that time on Tuesday, the closing price of Sampo’s share was 44.52 euros. At this rate, the value of the donation would have been 25.4 million euros.
After the donation, Wahlroos owns a total of approximately three million Sampo shares directly and through his companies. The holding corresponds to approximately 0.6 percent of Sampo’s shares.
Donation was made through Wahlroos’ Norwegian-registered investment company Alectoris AS. After the arrangement, Wahlroos no longer has control over Alectoris.
In addition to the Alectoris company, Wahlroos has had investment companies registered in Norway called Becasse, Tadorna and Columba, through which he has made Sampo deals in recent years.
In May, Wahlroos announced having relinquished control of the Columba company.
HS told in autumn 2018, that the companies are owned by Wahlroos. At least at that time, Wahlroos’ son, daughter and lawyers from Oslo specializing in corporate law sat on the boards of the companies.
Yet Around the mid-2010s, Wahlroos directly owned more than two percent of Sampo’s shares. Since then, he has transferred his holdings to his own investment companies and gradually through that to his children’s investment companies.
Wahlroos’ investment companies have sold Sampo shares for hundreds of millions of euros in the 2020s. The Wahlroos companies gave up nearly EUR 300 million worth of Sampo shares by May.
At that time in May, Sampo said that Wahlroos will leave Sampo’s board in a year. Sampo is largely a creation of Wahlroos. As a partner, he had served as Sammo’s Group CEO until 2019 Kari Stadigh.
Wahlroos became the Group CEO of the financial company born from the merger of Leonia bank and Sampo in 2001. In connection with the appointment, Wahlroos’ investment bank Mandatum was merged with Sampo. Wahlroos received a couple of percent of Sammo in the deal.
Wahlroos, who turns 70 in October, lives in Stockholm and his heirs in Britain. In Britain, inheritance tax is levied on sums that are considerably larger than in Finland.
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