Business Services Industry
Sampo Plc divests foreign long-term receivables portfolio
Nordic Business Report, April 24, 2002
NORDIC BUSINESS REPORT-24 April 2002-Sampo Plc divests foreign long-term receivables portfolio (C)1994-2002 M2 COMMUNICATIONS LTD http://www.m2.com
The Finnish financial group Sampo Plc said today (23 April) that it had agreed to sell export and project financing receivables of a capital value of EUR1.3bn to the German bank Landesbank Schleswig-Holstein Girozentral (LB Kiel).
The receivables to be sold represent the majority of Sampo's foreign long-term receivables.
The transaction would result in a minor sales profit, Sampo said.
((Comments on this story may be sent to nbr.feedback@nordicbusinessreport.com))
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